Mike Novogratz: How Tokenization Will Redefine Wall Street Forever

Raoul Pal interviews Mike Novogratz, discussing macroeconomics, crypto, and Galaxy's various business ventures. Novogratz shares his insights on the current economic climate, noting the unusual combination of strong growth and potential rate cuts by the Federal Reserve. The conversation covers the performance of crypto assets versus equities, the potential impact of upcoming market structure bills, and Galaxy's expansion into data centers. Novogratz also touches on the complexities of DeFi regulation, tokenization of assets, and the evolving landscape of asset management within the crypto space, as well as the potential for a melt-up in risk assets towards the end of the year.