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What Attracted You To Crypto (Raoul Pal w/ Mike Novogratz) | Interview | Real Vision™

1,484 views · Published 11 October 2018 · 2:16 · Indexed 5 October 2026

Channel: Real Vision Presents · 2018 · News & Politics

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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.
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What Attracted You To Crypto (Raoul Pal w/ Mike Novogratz) | Interview | Real Vision™
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Transcript:
It wasn't really until I left Fortress and I stumbled into Joe Lubin, who runs ConsenSys' office. Joe's a college roommate and a friend. And I looked at my portfolio. I was like, I've got all this stuff. Bitcoin hadn't gone sideways for a while. And I know Joe had been coding away for years on this new project, Ethereum. 
So I went to visit his office. And it was my first aha moment. I was like, shit, these guys are plotting a revolution. They were plotting a revolution to take down all these centralized systems. And so if it was the cloud, if it was ride-sharing, file-sharing-- all the verticals, they had them on their Wall The music business. 
They had a very clear sense of where they were going? 
They had a very clear sense. And he is a complete believer in this new world, in this decentralized, distributed world-- distributed trust, distributed ownership. And I was literally there an hour. And I was like, dude, I want to buy this business. And we started talking about it. And it was more complicated than I thought. 
Everything was decentralized. He said, come back in three weeks, I'll know what I can sell you. And I was on my way to India. So I at least bought some Ethereum. Good macro guys know, when you smell something, at least put something on. 
So I bought a bunch of Ethereum at $0.96, which was hard to do. And then I went away. By the time I came back from traveling in India, it was $4 bucks, $5 bucks the next week. And I realized, Joe no longer needed my capital because he owned a lot of Ethereum himself. But it really sucked me in. 
I was like, this is more than just financial. This is going to be web 3.0. And why it's got such vibrancy is that it's a millennial and Gen Z-led revolution. And this is their game in lots of ways. And at its core, it's a distrust. And it's also more of a utopian-- they want to build a more fair system.

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