Mike Novogratz on Why Incumbents Are Still Well Positioned to Participate in Crypto Finance

Mike Novogratz, the founder and CEO of Galaxy Digital Capital Management, talks about the recently announced Bloomberg Galaxy Crypto Index, why it's limited to just 12 cryptos, how traditional financial players know more about crypto than people believe they do, and how "the herd" is coming. He discusses the biggest obstacles to institutional money entering the space, how their entry will affect trading opportunities and and which types of stablecoins he believes are most promising. He also talks about why he's not very sanguine about custody solutions from Coinbase, why the market might go sideways for a while and why he wishes he'd invested in Telegram. Mike Novogratz: https://twitter.com/novogratz Listen to the Unchained episode with Wences Casares, the CEO of Xapo, which Novogratz mentions in the episode: http://unchainedpodcast.co/xapos-wences-casares-on-how-bitcoin-makes-a-fairer-world Listen to the Unchained episode on BitGo, which Novogratz also mentions: http://unchainedpodcast.co/mike-belshe-on-what-bitgos-kingdom-trust-acquisition-means-for-crypto-and-how-security-will-develop-in-the-future Thank you to our sponsor!   Element Group: http://elementgroup.com/unconfirmed/