Mike Novogratz on the 5 Reasons the Crypto Markets Plummeted

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:

Source: https://unchainedpodcast.com/mike-novogratz-on-the-5-reasons-the-crypto-markets-plummeted/