Premium Only Content

"I Don't Think We're in a Bubble. We Had a Bubble in ‘17; Now We're in a Movement:" Mike Novogratz
In this week’s episode, we speak with Mike Novogratz, the CEO of Galaxy Digital. He started his career at Goldman Sachs and then led a macro hedge fund at Fortress, which was shuttered in 2015. He then went all-in on crypto, in part thanks to convincing from his college roommate Joe Lubin, and founded Galaxy Digital, an investment bank for digital assets. After grinding through the 2018 and 2019 bear market, Mike says he can finally breathe.
He is convinced that Bitcoin is finally derisked. To him there’s no doubt that Bitcoin is never going to zero, and there’s enough critical mass to say it’s an asset class. Novo, as he’s known, thinks we are going through a paradigm shift and we’ll see from Morgan Stanley and JP Morgan to Google and Facebook all announce big crypto projects in the next few months.
While Bitcoin is firmly established as digital gold, to him, Ethereum is a venture bet because it’s not totally finished yet. It's getting there, and so the bet is whether it's going to happen, not that it has happened. Novo is wildly bullish DeFi. He says the threat to the banking system and payments is DeFi, not Bitcoin. But that also means the big guys are going to fight back with lobbying and regulation because protocols like Uniswap and Aave are going after their business.
About the hype and rally in the crypto market, Novo says this time it’s different. Unlike in 2017, he doesn’t believe we’re in a bubble. He says we’re in a movement.
Subscribe to our newsletter for free and stay up to date on everything happening in DeFi: https://newsletter.thedefiant.io/
-
1:42
The Defiant - DeFi, Web3 & NFT Insights
1 year agoVulnerability on Bitcoin
28 -
LIVE
The Mel K Show
1 hour agoMORNINGS WITH MEL K - Hunters Become the Hunted: The Truth Will Set Us Free 7-24-25
642 watching -
LIVE
Grant Stinchfield
42 minutes agoThe Dark Side of Organ Donation & Hillary’s Hidden Seditious Sedation
93 watching -
1:03:59
The Rubin Report
1 hour agoPress Stunned by Tulsi Gabbard’s Scathing Remarks During Her Shock Announcement
5.43K17 -
LIVE
The Shannon Joy Show
1 hour ago🔥🔥While Headlines Scream About Epstein, Obama, Hillary Scandals - Trump’s Digital Leviathan Is Unleashed With The BBB, AI.GOV & Three New Executive Orders🔥🔥
158 watching -
1:00:02
VINCE
3 hours agoAre The Walls Closing In On Obama? (w/ Victor Davis Hanson) | Episode 92 - 07/24/25
154K114 -
LIVE
LFA TV
15 hours agoLFA TV ALL DAY STREAM - THURSDAY 7/24/25
4,883 watching -
DVR
Bannons War Room
5 months agoWarRoom Live
29.6M7.32K -
1:09:28
The Big Mig™
3 hours agoBarack Obama Goes To GITMO
6.2K12 -
2:03:11
Badlands Media
9 hours agoBadlands Daily: July 24, 2025
36K5