Mike Novogratz on the 5 Reasons the Crypto Markets Plummeted
Posted On 21/05/2021
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Mike Novogratz, founder, CEO, and chairman of Galaxy Digital, digs into the drivers behind this week’s market selloff. Show highlights:
- the five factors Mike believes led to this week’s dip
- what Mike thinks about the environmental concerns surrounding Bitcoin
- how Ethereum will perform in 2021
- whether centralized blockchains will survive regulatory scrutiny
- why Galaxy Digital made its $1 billion acquisition of BitGo
- what sort of projects Galaxy Digital is mulling in the DeFi space
- when Mike thinks a bitcoin ETF could be approved
- Mike’s 2021 bitcoin price prediction
Thank you to our sponsors!
Crypto.com: https://crypto.onelink.me/J9Lg/unchainedcardearnfeb2021
Tezos: https://tezos.com/discover?utm_source=laura-shin&utm_medium=podcast-sponsorship-unconfirmed&utm_campaign=tezos-campaign&utm_content=hero
NEAR: https://near.org
Episode Links
Mike Novogratz: https://twitter.com/novogratz
Galaxy Digital: https://www.galaxydigital.io
Recommend Reads:
- Galaxy Digital BitGo purchase
- https://www.coindesk.com/galaxy-digital-to-buy-bitgo-for-about-1-2-billion-in-stock-cash
- SEC skepticism regarding bitcoin ETF
- https://www.coindesk.com/sec-warns-mutual-fund-investors-of-bitcoin-futures-risks
- Galaxy Digital 2021 Q1 results
- https://www.coindesk.com/galaxy-digital-q1-aum-rose-58-net-comprehensive-income-more-than-doubles
- Galaxy Digital bitcoin ETF
- https://www.coindesk.com/galaxy-digital-files-for-us-bitcoin-etf
- Youtube energy consumption
- https://www.iea.org/commentaries/the-carbon-footprint-of-streaming-video-fact-checking-the-headlines
- https://thefactsource.com/how-much-electricity-does-youtube-use/
- Dapper Labs lawsuit
- https://www.forbes.com/sites/andreatinianow/2021/05/17/no-slam-dunk-for-plaintiffs-in-nba-top-shot-moments-class-action-lawsuit/?sh=be89ec3df3da
Link to the Crypto News Recap:
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