Coin Stories Mike Novogratz: Lessons from a Decade in Crypto, Bitcoin's $1M Roadmap and Maxis vs Altcoin Communities
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Aug 12, 2025 
Mike Novogratz, CEO of Galaxy Digital and a leading voice in crypto investing, delves into his journey with Bitcoin since 2013. He predicts Bitcoin could hit $1 million, highlighting adoption drivers and his own portfolio insights. Novogratz discusses the evolving relationship between Bitcoin and traditional finance, emphasizing institutional interest and community resilience. He reflects on the clash of Bitcoin with altcoin narratives and shares valuable lessons learned from his experiences in the volatile crypto market.
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Two Drivers Of Bitcoin Value
- Bitcoin's value is driven by adoption and the macro environment that debases fiat.
- Novogratz frames adoption as 'orange pilling' and macro fiscal excess as a tailwind for BTC.
From Helicopter Pilot To Wall Street Partner
- Novogratz grew up in a large middle-class military family and became a helicopter pilot before finance.
- He later joined Goldman Sachs, became a partner, then spent 12 years at Fortress before entering crypto.
How Novogratz Entered Bitcoin
- Novogratz first learned about Bitcoin in 2013 after Pete Briger and Dan Morehead urged him to research it.
- He bought Bitcoin initially 'for fun' then increased exposure as he and peers realized its potential.