Mike Novogratz: Bitcoin’s Escape Velocity, Bond Market Crisis, Crypto x AI, & the Genius Act
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We we still got a bull run coming. Right? It's not over yet for crypto?
What run is just starting today? You
got price targets?
I mean, listen. We need this finish this week over $1.00 $7.50. You don't wanna film 500. If Sunday night, we're at $1.00 8, 1 0 9, you're gonna be at $1.30 before you can bat an
eye. Mike Novogratz, Bitcoin just hit an all time high at the time of recording. We're at a hundred and 9,900 as the all time high price of Bitcoin. Price might vary by the time listeners get this episode, but can we just, like, celebrate that for a minute? All time highs don't happen very often. How are you feeling about that? Listen.
I think from the time Larry Fink bought Bitcoin, up until then, we were all pushing this snowball up the hill. Yeah. And then it got to the top of the hill, and it stayed there for a while, and now it started to roll downhill. And that snowball is adoption. It's the community orange pilling and pulling more people into the community. And Larry was like the big kahuna to orange pill, but now you've got sovereign wealth funds. You've got retail equity investors coming through all these micro strategy and micro strategy look alike products. You've got normal retail. You've got normal institutions
can you just place us into context? Right? Because, you know, Bitcoin high, all time highs, they happen because of reasons. And there's, you identified some of the the local reasons, the the news event cycles that are happening right now. It's no coincidence to me that the all time high is happening right on the backs of the positive senate vote towards the Genius Act. But there's also, you know, just downstream of just four or five weeks ago, Trump announced the tariff day, the liberation day tariffs. And so that that is ensuing. There's just a bunch of context that's happening around this Bi
Well, listen. The dollar as the reserve currency is under stress. It's hard to go around and tell the whole world they lied, cheat, and stole on you, and that they should come and kiss your ass or be your fifty first state and have them say, hey. Let's keep more dollars. Right? And so we are debasing our dollar both in our brand, but also as an economic, lever. And so when the dollar's selling off, other assets get get more valuable by definition. And so you've got part short dollar in this. You've got part real worry about fiscal stability globally. Right? Look at the Japanese long bond. It's
So where do you think this ends? We it's interesting. We just had Arthur Hayes on the podcast. He was giving us some some forecasts. Right? And, like, his take is basically, like, the Trump administration has pushed tariffs about as far as they can, and they're kind of, like, backtracking. But their next maneuver is going to be to continue to erode treasuries as the world reserve asset, like, almost intentionally. And
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