CoinDesk Podcast Network - Mike Novogratz on BTC, Immigration, and the Ayahuasca Trip That Inspired Billions | Spotlight

Insights into the past, present and future of crypto with Mike Novogratz.

Follow the podcast ⁠⁠⁠⁠⁠⁠here⁠⁠⁠⁠⁠⁠.

Galaxy Digital founder and CEO Mike Novogratz joins "CoinDesk Spotlight" to discuss why the $38 trillion national debt has created a "golden era" for crypto. Novogratz breaks down the power of the XRP Army, his timeline for a $1 million bitcoin, and Galaxy's IPO journey. Plus, he shares his concerns about a "bull market in populism" and the story of how his ayahuasca trip inspired a scene in the show Billions.

- This content should not be construed or relied upon as investment advice. It is for entertainment and general information purposes. -

Break the cycle of exploitation.

Break down the barriers to truth.

Break into the next generation of privacy.

Break Free.

Free to scroll without being monetized.

Free from censorship.

Freedom without fear.

We deserve more when it comes to privacy. Experience the next generation of blockchain that is private and inclusive by design.

Break free with Midnight, visit midnight.network/break-free

-

Genius Group has partnered with CoinDesk for Bitcoin Treasury Month, launching the Genius x CoinDesk Quest. Participants can join the Bitcoin Academy, complete free microcourses from experts like Natalie Brunell and Saifedean Ammous, and enter to win 1,000,000 GEMs (worth 1 BTC) promoting bitcoin education and adoption. Learn more at: ⁠https://www.geniusgroup.ai/coindesk-bitcoin-treasury-month/⁠

-

Need liquidity without selling your crypto? Take out a ⁠Figure Crypto-Backed Loan⁠, allowing you to borrow against your BTC, ETH, or SOL with 12-month terms and no prepayment penalties. They have the lowest rates in the industry at 8.91%, allowing you to access instant cash or buy more Bitcoin without triggering a tax event.

Unlock your crypto’s potential today at Figure! ⁠https://figuremarkets.co/coindesk

-

Timestamps:

01:42 - When Did Novogratz First Know Money Mattered?
07:26 - “What’s Cool About Bitcoin Is There’s No CEO”
12:44 - XRP's Fierce Community and Success
14:32 - How Did We Get Here: America's Financial "Tale of Two Cities"
15:47 - How Sustainable Are Crypto Communities?
17:49 - Novogratz's Take on Mamdani and Crypto in NYC
22:15 - Would He Ever Run for Office?
25:38 - Is Crypto at Risk of Replicating Same Challenges From TradFi?
29:26 - His Work on Criminal Justice Reform
33:32 - How Novogratz's Upbringing Shaped Him
37:10 - On Immigration Policy and Where America is Headed
43:16 - Galaxy's IPO
45:19 - Top Crypto Asset Picks
47:33 - On D.C. and When Market Structure Legislation Will Pass
49:43 - "Crypto Is a Report Card on How the Country Is Doing"
52:03 - Can a BTC Treasury Address National Debt? "It’s Kind of Smoke and Mirrors"
53:35 - Novogratz's Most Rewarding Project
57:28 - Advice to His Younger Self
59:36 - Where Did His Intense Risk Appetite Come From?
01:01:14 - The Ayahuasca Journey That Inspired 'Billions'

-

This episode was hosted by Jennifer Sanasie. “CoinDesk Spotlight” is produced by Sam Ewen, Jennifer Sanasie, Taylor Fleming and Victor Chen.