Mike Novogratz is the Founder & CEO of Galaxy. Kyle Samani is the Chairman of Forward Industries and the Co-Founder & Managing Partner at Multicoin Capital. In this conversation we talk about the $1.65 billion fundraise they recently did, how big these treasury companies can get, why they love Solana, tokenization, plans for the company, risks, and how they are going to generate shareholder returns.

======================

Check out my NEW show for daily bite-sized breakdowns of the biggest stories in finance, technology, and politics: ⁠⁠⁠⁠⁠⁠⁠http://pompdesk.com/⁠⁠⁠⁠⁠⁠⁠

======================

Simple Mining makes Bitcoin mining simple and accessible for everyone. We offer a premium white glove hosting service, helping you maximize the profitability of Bitcoin mining. For more information on Simple Mining or to get started mining Bitcoin, visit https://www.simplemining.io/

======================

Xapo Bank, the world’s first fully licensed Bitcoin-enabled bank, offers military-grade security with an unmatched blend of physical and digital security, as well as pioneering regulatory oversight, so your funds are always protected. Beyond secure storage, they enable you to grow and use your Bitcoin. Earn daily interest in Bitcoin, spend with zero FX fees using a global card, and make instant payments via the Lightning Network for unrivalled access and convenience. Visit https://www.xapobank.com/pomp to join.

======================

TimeStamps:

0:00 - Intro
2:00 - Raising $1.65 billion for the largest Solana treasury company
5:12 - Explaining market cap vs price of token
6:10 - Why volume is so important for a public company
8:27 - Forward launching tokenized shares on Solana with Superstate
9:23 - How big can altcoin treasury companies get?
14:13 - Crypto entering Wall Street and plans to create value
20:28 - What are some risks?
26:47 - Is the 4 year bitcoin cycle over?
30:36 - Advice and how to think through investing in crypto

Why $1.6 Billion Is Flowing Into Crypto RIGHT NOW | Mike Novogratz & Kyle Samani

The Pomp Podcast