Web 3.0 & Crypto Adoption (Raoul Pal w/ Mike Novogratz) | Interview | Real Vision™
2,201 views · Published 12 October 2018 · 2:54 · Indexed 5 October 2026
Channel: Real Vision Presents · 2018 · News & Politics
The Next Phase of the Crypto Revolution In this interview, Mike Novogratz of Galaxy Digital Capital Management joins Real Vision’s Raoul Pal on a deep dive into the world of crypto. The two heavyweights delve into the major opportunities & risks, crypto’s influence on institutions, and what’s next for the space. Filmed on July 31 in New York. Watch more Real Vision™ videos: http://po.st/RealVisionVideos Subscribe to Real Vision™ on YouTube: http://po.st/RealVisionSubscribe Start a 14-day free trial: https://rvtv.io/2CCjIxH About The Interview: Unfiltered, long-form deep dives with the most successful investors in the world. In discussions across a range of subjects, we dig into the minds of the sharpest investors to find out what makes them tick. If you’ve ever wanted to learn from the best, this series is where to go. About Real Vision™: Real Vision™ is the destination for the world’s most successful investors to share their thoughts about what’s happening in today's markets. Think: TED Talks for Finance. On Real Vision™ you get exclusive access to watch the most successful investors, hedge fund managers and traders who share their frank and in-depth investment insights with no agenda, hype or bias. Make smart investment decisions and grow your portfolio with original content brought to you by the biggest names in finance, who get to say what they really think on Real Vision™. Connect with Real Vision™ Online: Linkedin: https://rvtv.io/2xbskqx Twitter: https://rvtv.io/2p5PrhJ Web 3.0 & Crypto Adoption (Raoul Pal w/ Mike Novogratz) | Interview | Real Vision™ https://www.youtube.com/c/RealVisionTelevision Transcript: why should we give a monopolistic power to something like Google-- We shouldn't have. It was the flaw of the internet. And I think people now are starting to recognize that in lots of ways. Lonnie-- I can't remember his last name. This year's Ted, the opening talk was this guy Lonnie, whose name I can't remember. He's this big, wonderfully thought of technologist. And he gave this whole speech about, listen, there was one mistake where people went with the advertising model, which created these. He was arguing they should go back and change. But we have these unbelievable data silos. And I think it's why it's created all the wealth. We look at all the wealth of the internet has gone into literally seven or eight companies. Yeah. So Tim Burns is at least talking about something like this now as well. Have you seen that? I haven't seen his thing. So he's been talking about some way of retooling a web 3.0 to get rid of this-- the fact that the data is owned by people. Every time I see him talk about it, I just think this has got blockchain written all over it. That's the promise of the blockchain. And that's literally the future of the blockchain. But most people don't get that. Most people still think it was a financial thing. And so it's interesting-- the evolution especially of big companies. We have this index with Bloomberg, the Bloomberg Galaxy Crypto Index, which we're proud of. We think it's a wonderful addition to the architecture of the space. Our young guys and their young guys got all excited. It kind of moved up the food chain. And it got stalled at the management committee level, because older guys think, North Korea, Silk Road, money laundering, Bitcoin. And to their credit, with a little encouragement, listen to the young guys. Just listen. Listen to the story. And when they listened to the story, it got approved. Over I think it was one third of their terminals, or something close to one of their terminals, had asked for more information on crypto. So there's this desire for people to understand this thing. And so here's a conservative media company-- one of the best in the financial market space, if not the best-- that thought about it, debated it, listened to the story, and actually approved it. And I'm seeing that at almost every big company I visit. Where a year ago, they were like, what, can you explain this. Now when I go there, they're asking really pointed questions. Sometimes, I'm just listening and taking notes. And they're all much closer to implementation of something.
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