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This Article is From Feb 08, 2021

Mike Novogratz's Vision for Rebuilding Finance with Crypto

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Hosts Joe Weisenthal and Tracy Alloway take you on a not-so-random walk through hot topics in markets, finance, and economics.

Bitcoin, and crypto more broadly, have been on a huge tear lately. Then, with the chaos surrounding GameStop, there's been more discussion about whether financial markets could be rebuilt in a fairer way, perhaps involving crypto or decentralized finance. Probably one of the best positioned to take advantage of such a shift is Mike Novogratz, the CEO of Galaxy Digital, which might best be described as a crypto investment bank. Prior to his current endeavors, Novogratz was a global macro fund manager at Fortress Investment Group, and prior to that he was at Goldman Sachs, meaning he's seen the traditional finance world, and this new world. He talks to us about why he's so bullish on crypto, and how it can be used to create a fairer and better financial system.

©2021 Bloomberg L.P.

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