The Real Reason Bitcoin Stopped Going Up | Mike Novogratz

Mike Novogratz is a veteran macro investor and the founder & CEO of Galaxy. This conversation was recorded live at Bitcoin Investor Week in New York. In this conversation, Mike shares why investing has become far more complex, how the dollar’s role as a global reserve currency may be shifting, and what that means for bitcoin, gold, and global markets. We also cover bitcoin’s recent pullback, regulation and ETFs, and why AI, energy, and tokenization could define the next market cycle.======================Arch Public is an agentic trading platform that automates the buying and selling of your preferred crypto strategies. Sign up today at ⁠https://www.archpublic.com⁠ and start your automated trading strategy for free. No catch. No hidden fees. Just smarter trading.======================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/⁠======================0:00 - Intro0:24 - Why the investing game just got harder5:40 - Is the U.S. losing reserve currency status?8:37 - AI, productivity, & why inflation may stay low11:25 - Is Bitcoin actually “not working”?13:24 - Regulation, Wall Street, & Bitcoin’s next narrative20:59 - AI, power, & the future of Galaxy26:16 - Mike’s fantasy football league