Novogratz Talks Cryptocurrencies and Regulation

Michael Novogratz, founder and chief executive officer of Galaxy Digital Capital Management, talks about the impact of cryptocurrencies on institutional investment with Bloomberg's Erik Schatzker at the Bloomberg Invest Summit in New York.

[@kesler1487]

Investing with expert Nora has been the best step I have ever took in my life, may God bless that day I meet her

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Despite the lockdown I was able to earn $9000 while being home with the help of Mrs Nora, she is really a miracle worker thank you Mrs Nora

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Wow I just made my second withdraw again today trading with expert Nora

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[@bobbymainz1160]

The current market conditions will separate the long-term wealth builders from the get-rich quick minded people real fast!

[@oneiljerry9460]

This phase we are going through is the accumulation phase, Are you going to PANIC-sell your Holdings or FUEL up?

[@marksway7292]

[@andrewtownsend886]

@@marksway7292 the market is giving me a lot of headaches i almost get depressed seeing my bag growing to nothing, who is this advisor you work with? I will love to look up his or her details.

[@marksway7292]

@@andrewtownsend886 "Eileen Ruth Sparks" is the FA I hired; she's well-known and her resume speaks for itself

[@joesphcu8975]

@@marksway7292 Nobody can become financially successful overnight, I know Eileen very well she's indeed reliable and her webpage can be easily found with her name.

[@stevegurgon]

Better use case then Uber is Visa.. how many millions of daily transactions and fees can be eliminated by going peer to peer instead of having Visa and a bank in between you and your purchase

[@johnsmithh9341]

Steve Gurgon visa so expensive, cost me over 5£ to withdraw cash in Thailand RIP OFF

[@benjaminweber7944]

XRP for the win!

[@ptbot3294]

That would not be possible right now as it take nominally 10 minutes for a bitcoin transaction to be approve (when in reality it could be anywhere from 2minute to over an hour). That time limit is not simply because hardwares running bitcoin is slow either, they are blazing fast, but it is bitcoin software itself that imposed such time limit, and such time limit is necessary to secure the whole network against attackers. There are other coins that advertise the fact that its transaction is faster, but that is enabled by basically either an easier Proof-of-work, which reduce security. If I were uber driver, I'm gonna wait for that transaction to be approve over blockchain network. The speed issue is fundamentally linked to security when it come to blockchain, and I'm really interested to see how it will evolve.

[@splutbets6889]

@Pt Bot see the Lightning Network.

[@kmmining1359]

The number of Bitcoin transactions per second are directly related to how fast the miners can record and verify the transactions and fill the blocks up on the chain and that is fixed.. Even Lightening Network will not scale BTC to anything like Visa..

[@jyang7814]

People don't have to understand every aspect of the tech behind blockchain before using it. Same applies for cars, cell phones, etc.

[@Familytime1]

James Yang I couldn’t agree more, ask anyone how the internet works....😎 this is a revolution again and we are part of it

[@alpha1007]

Bigger than the internet

[@Occultaz]

How can it be bigger than internet if it needs the internet itself to exist :s

[@kevinprost1534]

Because the blockchains and DLT themselves are an internet in the way that the coins 'interweb' together -- They offer more secure protocols than the current internet's TCP/IP protocol, to answer your question.

[@edisonnguyen4010]

haha, defnitely, not bigger than internet but the next step of internet

[@sithewok4616]

Luke, you’re going to find that many of the truths we cling to depend greatly on our own point of view.

[@Familytime1]

It’s going to be faster to catch on as well since everyone already has a phone (your own Bank), when the internet started most people didn’t even have a computer

[@jerkykefely6720]

INVESTING MAKE UP THE TOP-NOTCH HEMISPHERE OF WEALTH, THAT IS MORE REASON ONE SHOULD SAVE AND INVEST TO SECURE MORE PROFIT AND ENSURE SUCCESS

[@scarleteran7367]

You're right ma,

[@scarleteran7367]

That is why I had to start forex trading 2months ago and now am making benefits from it.

[@scarleteran7367]

Thanks for introducing me to Mr Norwood.

[@scarleteran7367]

My first investment with Mr Norwood gave me profit of over $44,000 Us dollar

[@scarleteran7367]

and I can even say he's the most sincere broker I have known.

[@GuerillaReignmgmt]

Crypto currency will create a new wave of millionaires and I plan on being one of them , let’s go

[@Zejayt]

Guerilla Reign or a new wave of desperate bagholders

[@Tackleqb]

Zejayt why are you replying to every single comment? A little desperate are we?

[@dbased1915]

What if that mindset among many investors by % is the reason the market is still overvalued? I hope you are right as i hold, but just think about that for a second.

[@SoulEternalPeaceWarrior77]

D Based I think just having crypto & massive hype alone, than 100% yes the value is overhyped. BUT if we can connect the right crypto to the right use cases, it can be revolutionary & change the evolution of commerce & information as we know it. We’re now barely starting to separate what’s hype & what’s breakthrough, but I definitely see a resemblance to the late 90s where you had a scenario of Pets.com vs Amazon.

[@ryanb8076]

It’s more than just making millions.

[@freekheijting7346]

We've got nature behind us! Nobody can ever stop the progress of nature. It's the next big iteration of software-technology. Crypto in general is going to have a huge impact on different aspects of life in the coming decade.

[@Zejayt]

Freek Heijting still waiting to see any semblance of adoption that warrants and incentivizes using it over traditional means of transaction

[@freekheijting7346]

What about making it possible for two persons anywhere on the world to transact too eachother. Installing Bitcoin Cash app on a smartphone takes longer than doing an actual transaction. Fees for third parties costs extremely less (for some cryptos) when transacting between nations. Crypto is, in my view, the perfect hedge against deficit spending of any government and the global debt. It is decentralizing the old Roman system of big institutions and (if you like) empires. Purchasing power is, on average, always declining. Enough incentive for me to partake!

[@Zejayt]

zomge 6 years in the spotlight the amount of merchants adopting bitcoin and cryptocurrency are dropping

[@1sbutterbeanok]

Zejayt most people here never even heard of bitcoin until 6 months ago. Definitely not in the spotlight for 6 years. A year...yes maybe

[@Zejayt]

james hernandez and despite the fact everyone and their dog knows about bitcoin there is no user demand great enough to warrant accepting bitcoin for online payment. Only 4 of the top 500 online merchants accept it.

[@CryptoCrowOfficial]

I have been educating people on my channel since Nov 4, 2017 and I continue to learn new things every single day. This is a great interview and dead on in my opinion. Though I see EOS having some major issues on multiple levels.

[@MakeMeaSandWh1ch]

Crypto Crow fck EOS, TRON Is where it's at

[@charlesmoore5954]

No you haven’t you told people to BUY BITCONNECT YOU SCAMMER

[@Marsgasbrengen]

I follow him for half a year now. He did NOT tell people to get into Bitconnect or scam people. He's one of the most honest, upfront people that I know of. He's as straight as they come and maybe you should check his content for a minute, before spilling this nonsensical shit. Keep up the good work Crow

[@Bconscious]

Crypto Crow, the same issues Ethereum, BTC had/have? Think about that, all crypto had/has issues but that doesn't mean we should focus on that. EOS has enough capital to hire the best to fix and for see potential issues.

[@OuterfleshEntertainment]

Wow, a lot of hate here for the Crypto Crow. You should check out his content before bashing him. Hes not a bullshitter, and his advice seems sound to me. Ive been watching him for about 4 months. Its good content, and educational is fair for him to say. Keep up the good work Crow!

[@cardanogreen]

He butchered the Uber question. The reason it will displace Uber is because it will connect the driver and passenger without a company in the middle scraping 30%. It will be a small/no transaction fee based on network load.

[@Jason-fe9jo]

Surprised he missed the most important aspect "trust-less systems" common Novagratz lol we talk about this daily in the crypto space

[@benjaminweber7944]

He had already mentioned that before in the interview, no need to repeat it again. The guy that asked the question wasn't paying attention maybe..

[@nicholasanderson9019]

I don't understand how it's such a great idea TBH. If the value of the token goes up because of incoming use/speculation, it will get too expensive and people will switch to a cheaper alternative... am I missing something?

[@ulrikvesti]

Nicholas Anderson yes, maybe this makes sense to you: The price for the ride will stay the same even when the value of the token rises, only the conversion rate will change. I.E. a token once worth one ride (8$) may now be worth two rides (16$). As mike explains in this hypothetical, you’d pay with your app either in $ or tokens, however when paying with dollars the systems instantly converts those 8$ to tokens as per current conversion rate. Let’s go back and assume you were an early user, and had accumulated 100 Duber tokens on your account (100 rides or 800$ at the time). You still own these, but in the meantime loads of new users have joined the ecosystem, and the demand for tokens has skyrocketed. Seeing as the supply is fixed, the system adjusts the ratio to 0,1 token pr. ride (still 8$ though). Your 100 tokens are now worth 1000 rides or 8000$ as you see fit and will start to “act” like equity. This is the infamous economic incentive that supposedly would drive further adoption and community growth.

[@nicholasanderson9019]

Ulrik Vesti thanks for taking the time to reply

[@digiclear3338]

I’m getting that feeling of exuberance again in the crypto space. I smell a FOMO bull run building in the next 6 months three times as big as the last

[@cryptonomous888]

Digiclear 333 hope so, I need to cash out some profit asap

[@sebfox2194]

R C The bull run will probably come after you cash out, because you seem to be in too much of a rush to cash out.

[@cryptonomous888]

Seb Fox key word was ‘Some’ profits....got some major bills to pay...don’t get me wrong...with the rest I’m keeping, I’ll be a millionaire in 5 years minimum.

[@sebfox2194]

R C Hope you do well in the future. I was just pointing out what typically happens when people get impatient for things in the market to happen more quickly.

[@wissamdif4459]

@@cryptonomous888 îîîpppppppp

[@Longlivetony]

The blockchain will be much much larger than the average person realizes right now. Watch this amazing tech blow up in the next few years. People will regret not listening and most people won't completely understand it because it's very complex as Mr. Novogratz said. But we will be utilizing this tech in our every day lives throughout the WORLD. Just look at China's cashless society right now and you'll get a small glimpse of what's to come.

[@davidjeon9429]

word..

[@Penkills75]

China's cashless society is such a prime example that Westerners miss or refuse to come to the conclusion that Asia is innovating technology at an alarming rate that could pass the U.S. within 10 years. No one talks about this.

[@MrMrfamilyguy01]

Longlivetony what coins would you recommend?

[@garrettblakeslee9631]

good fundamentals and use case, low mcap, low coin cirulation/total coins

[@MrMrfamilyguy01]

Garrett Blakeslee thanks - but any names in particular ?

[@cryptosonar]

This is a fantastic explanation by someone who believes in the tech, can explain it in a way that others can understand, and backs it up with real life scenarios in future applications. I think he is right on with Etherium, and Telegram, EOS not so much because of the way it is central by design. Wait and see on that one. I do market updates and work on educating people as they enter the space. I will be sharing this video and doing an episode around it. Thank you Bloomberg TV Markets. We need more content like this.

[@entropyfu]

he's bullish af

[@benjaminweber7944]

Hard not to be, once you understand Blockchain tech.

[@MrMrfamilyguy01]

He is right .

[@england8331]

yeah after he pumped and dumped it back at the end of december....funny how he shows up when its at a year low

[@dillonaafedt]

we all are brother 98% of the world isn't even in yet buying anything now is like buying the best stocks imaginable in their infancy days.

[@snorrecryph249]

heard about a market cycle

[@benphilias]

I love his humbleness. Very knowledgeable.

[@AJ-iu6nw]

He knew so much.

[@deancorso2134]

Loved it! Thank you Bloomberg for another great interview with Mike!

[@lucianokarraro]

I took out time to get myself acquainted with the knowledge of trading crypto currencies through the guide and assistance of James Carlson, it was a big benefit for me, I made 8.3btc from a starting capital of 1.btc isn't that really profitable just within 2 weeks of constant trading, I advice everyone who's interested to invest in crypto trading, you can align yourself with an expert to guide you as well if you are new to it, Mr James Carlson can be reached for assistance on his WhatsApp [phone] or telegram @ {JamesC51} his knowledge will guard you on every statistic of crypto currency, you also don't need to worry anymore about the down thread of BTC or other Crypto currency because your portfolio will always rise just by trading daily.

[@BrewDoGParaDoX]

Awesome interview Build community for projects so they have a better chance of success and great explanation at the end on how tokens can work.

[@cryptosteve2617]

I've been talking about crypto currency since December and this is a great interview and in point.

[@TxFw]

Where does he talk about Telegram... can't find it now!

[@MikeVeracity]

Great program, great guest.

[@zacksoape6900]

I wanted to see the answers to the retaken survey! Where can I find that information?

[@PandaCapitale]

wow.. Funfair might be pretty big as its releasing soon (3-5 weeks)

[@cryptonomous888]

Jason Chiu stick to coins that have a real use case and solves a genuine problem. Funfair is good, but doesn’t solve a major problem, any gambling company can just start a gambling site on the blockchain.

[@loulei9339]

I would advise you research FunFair's value propositions further. The company exists and invented Fate Channels (their version of state channels on Ethereum) to provide fast, fun, and fair e-gambling, something "any gambling company" can't mimic on any existing smart contract blockchain. As such, FunFair offers the only provably fair blockchain gambling platform that will provide casino operators with unprecedented lower operating costs as well as provide players with absolute verifiable fairness.

[@cheynomdingi9596]

I've just got some FunFair. $1 coin going for $0.025 :)

[@wx2833]

Human creatures like to gamble, and Fun is my favorite shit coin.

[@SamanthaJaneJames]

Locktrip set up a few months ago and is going after the Air BnB market. Coin is cheap right now. I think people will notice this one because when people look into crypto, they will look for companies that are cutting out the middle man such as INS (Grocery industry) and LOC (Locktrip). Both are going for a good price, right now.

[@sebfox2194]

Samantha Jane I'm waiting for Duber!

[@tonywalker9364]

Great video about crypto future.

[@godface81]

This is Fantastic . Thank you

[@NewtotheStreetTV]

Exploring The BlOCK WE WILL TEACH EVERYONE ABOUT WHATS COMING UP

[@ralphraymond2017]

Interviewer most dapper I have seen and Mike is just so cool and bright.

[@bitcoinbeast]

Incredible chat, nice one Mike

[@armandoacosta2707]

in venezuela we cashin in with coins ya digg

[@fanniofazio6625]

Armando Acosta what u mean?

[@cryptonomous888]

Smartcash?

[@Natangz]

You mean they are preserving your purchasing power.

[@some1intheworld]

runescape farming shithole, worse than brazil

[@joejingojack]

some1intheworld 😂😂😂

[@tinovfr]

great talk, i hope it accelerates deeper understanding of new technology and cryptocurrencies because that is coming. Needs still many years but it's coming for disrupting many areas of our life and will make it better.

[@big_boy]

honestly mike did a great job representing crypto on here.

[@sortecly7523]

A. Bigger than the internet

[@joejingojack]

Sortec Ly B. A Speculative fad

[@missionpupa]

Novogratz has a very interesting macro view on the business side of it. I think he is spot on.

[@muskduh]

Thanks for the video!

[@DoucheyB23]

Digibyte is extremely fast now and as its blockchain grows it only gets more secure and faster.

[@HOST8I8]

Buy 200,000 Digibytes for a couple grand, sit and wait. Do the math.

[@daveh9817]

@@HOST8I8 200k Digibyte only cost 1 grand to buy now... ....I did the math. 🤣

[@MarnixBruin]

why do all this so called experts never mention Neo? EOS has nothing to offer yet... Neo has an entire eco system and it gives you dividend.

[@ImaVagbag]

MarnixBruin I thought about that too. But when it comes down to it the West think that NEO is Chinese. Yes it was built in China but its very global by design.

[@Andyleobl]

MarnixBruin agree 100% he is just shilling his own investments. neo/gas ftw

[@MarnixBruin]

Let the West ignore Neo for a while longer then, so we can load up more!

[@MarnixBruin]

Yeah! Use Gas too buy more Neo and so on and on and on! And there a good indicators that Gas will become a currency in the future!

[@MarnixBruin]

hahaha copy? Neo is in every way superior too Ether

[@theowieser4531]

No matter who you are you understand more than this guy !

[@karim111]

Mike is right!

[@gerardmelvin8670]

Great explanations .Great interview.EOS Stinks Stellar or Iota me thinks will come out on top

[@Mad0nU]

i am a 22 yr old who turned 2k into 2m in 6 months tradings cryptos. high market capitalizations only make sense if your set of numbers (which is the only thing cryptocurrencies are, a decentralized and immutable set of numbers) are meant to be adopted as a currency, if you set of numbers aren't meant to be adopted as a currency, but only to pay of those who run the network for an utility, it doesn't need high market capitalization at all, literally digital tulips. people valuate tokens based on the sexyness of their site relative to other tokens. i remember buying oyster protocol at a cap of 1.5m, one of the owners said that if the whole world would use the utility of oyster, it would need a market cap of 15m to those who run the service, oyster rose all the way to a cap of +200m. I bought at 1.5m and sold at 15m.

[@alstonfernandez]

my favourite crypto investor

[@wealththatcounts5503]

Fascinating and very supportive for those of us who believe crypto is here to stay in a big way.

[@L2Xenta]

Very sharp perception on what he needs to know. Im younger and he is years ahead of me in this.

[@RichardBravo]

Regarding the question from the audience that crypto is like used shoes and only worth what someone is willing to pay for it... this is true of everything, including fiat currencies. Most people do not see this. They only realize the consumer transaction on the buying side. How much can I buy with X units of money? What they do not see is the global currency market valuing the various currencies and fed regulation setting the monetary value of a note and single unit of a particular currency, and supply management. Thus inflation/deflation. Fiat currency is essentially worth what the global market is "willing to pay for it." This being particularly true now more than ever as we here in the US have abandoned the gold standard. The foundational premise of crypto currencies is placing that monetary valuing, and thus the spending power and wealth preservation, largely speaking, back into the hands of the people. Rather than the whims of global banking conglomerates.

[@steveblomefield6491]

Excellent. Informative. Succint

[@tylerstyles3989]

FunFair!!!! 👏👏👍

[@casinowiz007]

Novogratz got cut-off from explaining his 3rd bucket, anyone else catch that? First bucket, bitcoin... 2nd, platform to build i.e. ether and EOS. What was his 3rd bucket of crypto practicality?

[@dsagent]

BTC was only $6,385.0 during the time of this interview.

[@carlogmail5557]

Novogratz invested in Videocoin I believe, that has kind of an Uber/Airbnb model. Damn

[@siriusb1683]

Novogratz and Joseph Lubin (Consensys) were roommates in college. There is a bias towards certain projects. Lubin gave Novogratz a crash course on Ethereum and blockchain when he first entered the cryptosphere. There are other crypto projects out there that have great potential.

[@TheProspectormike]

Electroneum has instant payment ETN is about to get noticed

[@thecrypttip6204]

ETN goin fo' da lolow rn, bag tf up

[@cryptogranny1855]

☘️☘️Mike Novogratz is an amazing investor .. he knows markets inside out ... he has been seen and still doing it ☘️☘️a great man to listen too for advice on crypto ☘️💚☘️Crypto Granny UK and Ireland ☘️💚☘️

[@meyyappanlakshmanan5169]

The UBER example was great but I have a question. Let us use the example that Mike gave - buy a uber ride for $ 8 - at this point, let us assume that 1 AlTCOIN used is equal to 1 USD. So the question is .... after a month that same ALTCOIN goes up ... meaning 1 ALTCOIN = 2 USD.... so how will impact the ride's cost. Will it be 1/2 coin or will it shoot to 2 ALTCOINS. How are the utility coins going to be kept stable for a consumer's use.

[@chrisr6950]

the ride would cost 0.5 altcoin crypto currency are fractional, we see value in dollars so if something costs 10 dollars you might pay with 5 duber today, tomorrow you might only pay 2 duber. you can convert to dollars instantly if you choose, if you hold the duber token your dollar value might go up or down.

[@BrandonMoore87]

Interesting point on Duber. I never thought of it that way. I don't necessarily like comparing it to an MLM where you are incentivized to get more people to use Duber to make your stake more valuable. But I guess that makes sense. He also didn't answer the first question about why btc is better than used tennis shoes but c'est la vie.

[@WOLFanddBEAR]

Also the crypto-tokenizing of traditional assets for more accessible 24 hour trading etc.

[@j.hanleysmith8333]

Excellent!

[@SuperPapirkurv]

Glad to see Maecenas ($ART) featured on minute 27:54 🚀

[@at9048]

Excellent interview and his vision is to a tee.... eos I'm 50/50... however let's see how it all plays out...

[@CyberScott86]

What does he mean when he says there really not going to be here for another 18 months at 10:00 min mark

[@chrisr6950]

as in reall products that are starting to get used daily by normal people

[@charlesmoore5954]

Gold is the best conductor there is...what do you mean it doesn’t have use case beyond jewelry?

[@letforeverbe]

wrong, silver is the best conductor

[@icoresearchgroup4175]

Great Interview!

[@lucianokarraro]

I took out time to get myself acquainted with the knowledge of trading crypto currencies through the guide and assistance of James Carlson, it was a big benefit for me, I made 8.3btc from a starting capital of 1.btc isn't that really profitable just within 2 weeks of constant trading, I advice everyone who's interested to invest in crypto trading, you can align yourself with an expert to guide you as well if you are new to it, Mr James Carlson can be reached for assistance on his WhatsApp [phone] or telegram @ {JamesC51} his knowledge will guard you on every statistic of crypto currency, you also don't need to worry anymore about the down thread of BTC or other Crypto currency because your portfolio will always rise just by trading daily.

[@gofres]

Also interesting to see his predictions on EOS. so glad I went heavy on ETH!

[@yogis3348]

What funny is that what he is saying is the exact thing i was saying to my friends in December. And he is mentioning Uber, I am developing something like that. Strange times :). Is Michael reading my mind.

[@liamarkin969]

Wow This is a Great Project Guys so impressive!

[@lucianokarraro]

I took out time to get myself acquainted with the knowledge of trading crypto currencies through the guide and assistance of James Carlson, it was a big benefit for me, I made 8.3btc from a starting capital of 1.btc isn't that really profitable just within 2 weeks of constant trading, I advice everyone who's interested to invest in crypto trading, you can align yourself with an expert to guide you as well if you are new to it, Mr James Carlson can be reached for assistance on his WhatsApp [phone] or telegram @ {JamesC51} his knowledge will guard you on every statistic of crypto currency, you also don't need to worry anymore about the down thread of BTC or other Crypto currency because your portfolio will always rise just by trading daily.

[@davidled]

How to profit creating a duBer if we can't take commissions? Just from creating and owning some tokens for self? What if Bitcoin is the dominant token by that time? How to profit then?

[@henryzhang9915]

This is quite insightful.

[@javiervaldeperez9752]

C. Something like Digital Gold

[@mattjames4978]

Do your research before you miss the boat.

[@chocolatehotsauce1]

Omisego (Omg) is what you all are looking for 😊

[@morrisl7]

omisegarbage

[@figurativehuman3424]

Bags getting heavy? Lol

[@lucianokarraro]

I took out time to get myself acquainted with the knowledge of trading crypto currencies through the guide and assistance of James Carlson, it was a big benefit for me, I made 8.3btc from a starting capital of 1.btc isn't that really profitable just within 2 weeks of constant trading, I advice everyone who's interested to invest in crypto trading, you can align yourself with an expert to guide you as well if you are new to it, Mr James Carlson can be reached for assistance on his WhatsApp [phone] or telegram @ {JamesC51} his knowledge will guard you on every statistic of crypto currency, you also don't need to worry anymore about the down thread of BTC or other Crypto currency because your portfolio will always rise just by trading daily.

[@d-techanalytics5447]

How can you ensure passenger safety with a decentralized Uber? Criminal background, car inspection, licensing, insurance coverage etc. all seems impossible to ensure in a decentralized environment.

[@BlueIceAce2015]

Wait, 37:00, so if let's say DUBER drivers hoard tokens and the prices of each token rise up, wouldn't the fee of the taxi ride also increase?

[@sarinatuckerman9627]

I love how crypto is discussed on the news now. Moon soon.

[@Kopsticks]

I was writing a paper on Bitcoin vs. The banking system and my professor hit me with this question, I have no clue how to answer it, any ideas?: One counter-argument that I saw that you didn't address is credit. It strikes me that you could not have a credit or loan system with bitcoin because it requires the person to have the bitcoin available. (To solve this problem, it strikes me, would be to tie yourself up into your original criticism of banking altogether, and, yet, you need some way of issuing credit since most economies rely heavily on credit.) Could someone please explain to me Bitcoin vs Credit?

[@peakhour]

ClearPoll will be fully operational at the end of august and capable of running polls with millions of votes. Very underrated custom blockchain.

[@cryptomarketing9806]

Mike is a great guy

[@bootangy]

will omg and vechain go there too? what about the alts?

[@Bridawg54]

they are going to the moon

[@aminkh6872]

great talk

[@kevjb64]

Did not the FED recently announce the value of the historical $ is 0.04 cents ? Sounds like its been inflated away already !

[@loserhead1993]

One question - maybe someone can answer: about the DUber example If you expect the tokenprice to rise through a growing network, wouldn’t people start horting (or hodl) the tokens, which would then damage the ecosystem because participants don‘t want to spend anymore? Aka deflation?

[@flowstate5465]

Bitcoin is a social monetary policy network --> it pairs consumers with vendors by taking the backseat when providing value. All users have to do is agree that cryptography is a safe way of ensuring their transaction's sanctity and, of course, the buyer has to agree to pay some anonymous computer a small fee as the security model is facilitated by game theory. It's a massive rush streamlining economics and the best part is that it has next to 0 human emotion or bias in any way shape or form. Just send the Tx and watch miners run hash functions that exploit cryptographic questions like prime factorization tick away until they guess the correct answer rewarding them Bitcoin and sending adding your transaction to the agreed chain. Truly worthy of multiple nobel peace prizes!

[@OuterfleshEntertainment]

Its difficult for me to disagree with this. We dont know for a fact where this is all going, but ill tell you, 100% of my $ is in Tron. Might be a bad idea, and it might work out. Smiles and cries right.

[@SuperDesignguy]

Outerflesh Entertainment wow. That takes. Balls. I wouldnt put a penny in trx but... If I were you I would split half of that and invest it in VeChain. Don't even worry about thanking me in a year.

[@OctavianTech]

Quality content, thank you for the upload.

[@balance7866]

A: BIGGER THAN THE INTERNET.

[@itsomar855]

lol bitcoin its half the price since you comment five month ago. its pump and dump stock. hopfully you dint get in the hype

[@colinschabel]

wait... so only the duber driver makes usd? no ceo makes money?

[@Philson]

crypto should not be compared to the internet, but rather to something like email. *it needs the internet to run lol*

[@rofiqulislam7544]

Very good video ❤️❤️

[@cryptoliam1284]

He gave the answer to the question at 10:07

[@TheKC1003]

He is spot on! Institutional custody solution? Bakkt!

[@Familytime1]

It’s going to be faster to catch on as well since everyone already has a phone (your own Bank), when the internet started most people didn’t even have a computer

[@tinox12]

nice point of view

[@babyimHOME]

Refreshing big picture perspective

[@Truth1nNature]

I’m not a fan of EOS, and to be fair he did say he is bullish on it Short Term. I personally think AION has a better understanding of connection blockchains. So of course I am bullish on projects like ICX, and WAN as well.

[@yeetskeet2566]

Have you heard about LEDU COIN? I heard in their telegram groupchat that they will have burning of tokens this July..Will I buy?

[@franciswonder7689]

cardano!!!!!!!

[@cryptoconversations388]

Nice video

[@issenvan1050]

How could the US government tax/regulate/ban crypto?

[@cryptogranny1855]

☘️💚what a guy!! Such a clever investor ... very shrewd he knows markets... again never invest more than you can afford to lose☘️💚

[@madaf3697]

God, i like this Mike!

[@Steve_and_Kelly]

Exciting times.

[@boulevarda.aladetoyinbo4773]

Great guy, Bobby Lee...dude's down to Earth.

[@williamperlmutter7516]

I most assuredly agree with Mike Novogratz on this. All the big firms are getting their toes wet, and it is no surprise: millennials + technological innovation + institutional acceptance = change. this article takes a unique approach on the matter as well. have a look: www.finnoq.com/en/blog/financial-services-in-2030/ thanks for the video Bloomberg!