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For that Novogratz needs to sell. He owns 70% of the stock. You think he is selling for any price? My point was that GS missed the crypto boom big time, after getting in the top and leaving at the bottom. Now they are scrambling, I'm completely correct on this. You got to be braindead not to see...

His point is wrong, Galaxy has 3 years of history, GS decades. By the time this bull cycle is over, I bet Galaxy will be over 20% of GS market cap. All of that in like 5 years. Plus crypto is so new, in 10 years lets check the market caps. Also why arent they grabbing everyone out of Galaxy? If...

its not, its 6b. check bloomberg, most sites have the wrong cap due most of the shares being owned by Novo and not being part of the public float

Correction, its actually 6% of GS, its not that easy to calculate GLXY market cap. Still, pretty good for a 3 year old company

There is a human capital shortage right now in crypto. Novo is hiring everyone, so are others. GS needs to outbid them. Novo built the business during the bad times, he paid the superstars during the bad times, now his company is already worth 10% of GS. He had the vision, GS were just tourists...

I agree with that, my point was that it was a huge mistake to ditch the crypto desk at the bottom in 2018, that's all I'm saying

https://panteracapital.medium.com/what-gamestop-says-about-decentralized-finance-d23f732ed81e Pantera Capital Letter. He is super bullish on DeFi And I love the Andressen quote “The track record of old white men who don’t understand tech crapping on tech they don’t understand still at 100%.”...

"Goldman Sachs hosted a private forum with Mike Novogratz, the CEO-founder of crypto firm Galaxy Digital, for employees and clients. Novogratz expounded on his thesis for bitcoin, ethereum and other digital assets as well as their macroeconomic backdrop during the 90-minute virtual event."...

Buffett is long 8% of BNY. So now Buffett is into the rat poison business

The history of markets show that there is always a bigger move as time passes. More than 20 brokers went under in the 1987 crash, when markets do crazy shit, people go under. IMO When crypto has its 87 crash, Deribit will go under

Deribit is very brave in having markets streching out as much as a year, for that reason I think they will go under one day. Any serious exchange is just not taking that kind of risk with such volatile assets

Equities, I assume you were referring to options?

You mean a hidden order? If its not hidden the HFTs will penny jump the order. Also, its annoying to manually change it over and over

I have been using it lately and I have found that it has enabled me to save some money by not paying the spread. I'm only using it when I'm not in a hurry, it I was any savings would probably be offset by a move in the stock. And also, it looks like IB uses native hidden orders as I cannot see...

DeFi has been beating BTC and ETH since January

I would recommend you read the book Mastering Bitcoin and as well as articles on multisig capabilities. If you setup a multisig BTC address with 2-3 hardware wallets with proper backups, I can assure you, no one is hacking you. Someone might steal coins with a gun, but the same can be said about...

Just bought SNX (Synthetix) which was missing from my DeFi basket. Pretty cool what they are doing with these synthetic assets, there is even oil in their exchange. All synthetic. They also have sDEFI, which is like an ETF, but you give up your staking rewards that certain coins have, I THINK

The amount of huge news for bitcoin just keeps increasing, BNY Mellon is now into crypto custody, Amazon is rumored starting some kind of crypto payment thing in Mexico, just more and more good news They are so many I plan not to include them here anymore. Its pointless. 2021 Bitcoin will go...

https://www.coindesk.com/peirce-sec-coindesk-tv A US Bitcoin ETF or ETP will likely be a reality this year

Galaxy Digital is also doing pretty well, 16x from the lows and I think 5x from IPO. They gave lots of others the opportunity to get a head start....