Mike Novogratz, CEO of Galaxy Digital, reveals what he thinks is the most bullish thing about Bitcoin (BTC), aside from its store of value.
In a new On the Tape podcast interviewthe billionaire describes what he thinks people are missing about the most important crypto asset by market cap – that it sparked an ongoing global and viral financial revolution.
“So what I think people are missing – and I talked about this a lot in 2017 when we had our first mania – is that crypto was really the very first global speculative mania. We have never had a global market.
We had a few stocks that were traded globally, but if you look back at the 1999 dot-com bubble, no one in Korea participated, no one in India participated, no one in Russia participated, no one in Africa participated.
Crypto is global, and just as I tell the Bitcoin story on CNBC and Bloomberg and on podcasts here in New York, there’s someone in a village in Indonesia telling that story, and the viral nature of eight billion people doing more every day getting converts is really hard to stop.
The other part of this is that Bitcoin exists within a movement – you can call it crypto or decentralization – and that movement affects people in a way because it feels like it’s a revolution, it’s a revolution of saying, ‘I want the middleman disable, I want to trust myself, I want to have peer-to-peer transactions, [and] I want more efficiency and equal access.’”
Bitcoin is trading at $42,532 at the time of writing, up fractionally over the past 24 hours.
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