9 Burst results for "Mike Novigrad"

"mike novigrad" Discussed on Wall Street Breakfast

Wall Street Breakfast

03:29 min | Last month

"mike novigrad" Discussed on Wall Street Breakfast

"A certain support the industry that possibly cannot be rivaled in any other asset class throngs of new traders are also piling into the crypto arena even with small positions due to fomo or just in case digital assets. Do eventually go mainstream enthusiasm. Meanwhile building across social media were the winkle boss. Twins said the knight crypto exchange would now support doj. Yes it's a mean coin but all money is a meam cameron wrote on twitter outlook while some. See this as a mere opportunity to get in on the action. Bigger believers say the current rally is a breakthrough moment that will provide cover against the future dollar evaluation other see the entire system is kind of a pyramid scheme but even among the biggest backers of stow some see the current coin rally is unsustainable famed investor. Mike novigrad said he'd be very very worried we're one of his friends to invest in. Does but things crypto returns will beat the crap out of stocks but not forever. they will hit an equilibrium. There's no free lunch in the world. He added right now. It feels like there's a free lunch because the government's losing everything in other news it may be that interest rates will have to write some what to make sure. Our economy doesn't overheat treasury secretary. Janet yellen sit on tuesday. Triggering sell off in the tech sector. Which depends on low rates for its growth expansion. The nasdaq closed two percent lower on the news before a correction was issued by the press. Office let me be clear. It's not something i'm predicting were recommending yelling later explained at a wall street journal event following the list earth comments. Many were quick to highlight the clarification. While others pointed out that the real decision making lies with darren powell in company. The third cheer has previously insisted that he's not even thinking about thinking about higher rates until the labor market recovers from last year's economic downturn. Think the comments coming from yale and the economist rather than containing any policy guidance added mohammed el irian chief economic adviser at allianz cinema today shifted in favor of that outlook with nasdaq futures. Up point six percent followed by a point. Four percent gain for the s. and p. five hundred and a point. Three percent advance for the dj. I a thought bubble. What's wrong with an overheated. Economy the bustling economic activity and increase in consumer wealth generally lead to high levels of inflation asset bubbles and external economic shocks. The sharp rise in costs could also result in inefficient locations as suppliers overproduce and create excess project production capacity when things slow down a recession can hit and central banks may attempt to raise interest rates before then to lower the amount of spending and borrowing in the economy more raw material. Gillen's remarks came as commodity prices. A leading indicator of inflation continue to rip higher. Wti crude oil prices are up more than seventeen percent over the past quarter and have soared nearly twelve percent. In the last month some commodities like copper and corn even jumped to their highest levels almost a decade as major economies rebound from the pandemic..

Mike novigrad Janet yellen Four percent darren powell Three percent tuesday two percent last year Gillen six percent more than seventeen percent last month cameron twitter today allianz cinema nearly twelve percent mohammed el one past quarter
"mike novigrad" Discussed on The Breakdown with NLW

The Breakdown with NLW

01:38 min | Last month

"mike novigrad" Discussed on The Breakdown with NLW

"What's going on guys. It is thursday. April twenty second and today is earth day so for earth day. Let's reclaim the bitcoin energy debate. Shall we before we do that. Let's do the brief. I up on the brief today crypto. Ma is in full swing. I've said a bunch of times that this is going to be one of the key trends to watch this year. And there are a number of reasons for that i you have flush balance-sheets companies in the crypto space have cash and they wanna leverage that cash to accelerate an advance their position in the market. Second you have bigger competition. More companies going after bigger pies which means inevitably some amount of joining forces trying to find edges through acquisitions and as a part of that. You also have new entrance into the market. I e traditional finance companies. Who are now able to offer crypto services. The by product of that is likely to be many crypto companies being folded into traditional service providers. A couple of stories on the front. The first is a reported acquisition. That isn't a done deal yet. Apparently galaxy digital mike novigrad shop is in the hunt for bit. Go which just announced a multi hundred million dollar insurance fund now. There have been numerous rumors of bit. Go acquisitions pay pal. It seemed last year was looking into acquiring bit go but that never ended up happening one. That was confirmed. However is that neither has acquired arc does capital artists a commercial lender that focuses on financing for bitcoin miners and other crypto firms which is relevant with our main discussion. Today this is actually the second announced acquisition for nine this year having previously scooped digital assets data

thursday today April twenty second Ma
Let's Reclaim the Bitcoin Energy Debate

The Breakdown with NLW

01:39 min | Last month

Let's Reclaim the Bitcoin Energy Debate

"What's going on guys. It is thursday. April twenty second and today is earth day so for earth day. Let's reclaim the bitcoin energy debate. Shall we before we do that. Let's do the brief. I up on the brief today crypto. Ma is in full swing. I've said a bunch of times that this is going to be one of the key trends to watch this year. And there are a number of reasons for that i you have flush balance-sheets companies in the crypto space have cash and they wanna leverage that cash to accelerate an advance their position in the market. Second you have bigger competition. More companies going after bigger pies which means inevitably some amount of joining forces trying to find edges through acquisitions and as a part of that. You also have new entrance into the market. I e traditional finance companies. Who are now able to offer crypto services. The by product of that is likely to be many crypto companies being folded into traditional service providers. A couple of stories on the front. The first is a reported acquisition. That isn't a done deal yet. Apparently galaxy digital mike novigrad shop is in the hunt for bit. Go which just announced a multi hundred million dollar insurance fund now. There have been numerous rumors of bit. Go acquisitions pay pal. It seemed last year was looking into acquiring bit go but that never ended up happening one. That was confirmed. However is that neither has acquired arc does capital artists a commercial lender that focuses on financing for bitcoin miners and other crypto firms which is relevant with our main discussion. Today this is actually the second announced acquisition for nine this year having previously scooped digital assets data

Mike Novigrad MA ARC
"mike novigrad" Discussed on CoinDesk Podcast Network

CoinDesk Podcast Network

02:42 min | Last month

"mike novigrad" Discussed on CoinDesk Podcast Network

"A couple of stories on the front. The first is a reported acquisition. That isn't a done deal yet. Apparently galaxy digital mike novigrad shop is in the hunt for bit. Go which just announced a multi hundred million dollar insurance fund now. There have been numerous rumors of bit. Go acquisitions pay pal. It seemed last year was looking into acquiring bit go but that never ended up happening one. That was confirmed. However is that neither has acquired arc does capital artists a commercial lender that focuses on financing for bitcoin miners and other crypto firms which is relevant with our main discussion. Today this is actually the second announced acquisition for nine this year having previously scooped digital assets data next on the brief. There is growing chatter around a therion heads on twitter. Will make sure that you know that. Ethan at a new all-time high currently above twenty six hundred at the time of this recording the more interesting thing to me however is some amount of shifting narrative around it aucoin desk headline today reads either price hits new record. High as analysts anticipate supply drop basically after the upcoming eighth. Fifteen fifty nine upgrade. The net annual issuance is set to drop. Someone even said that a theory and will become a deflationary asset row. Paul has the bitcoin crowd on twitter. Huffing with this tweet quote when you price. Anything up in defy and have t community tokens or even metaverse world. Everything is basically priced in eighth including designers time etc. Youth is rapidly becoming the currency of the digital world and btc's the pristine collateral and base layer. So my question is. Is this going to be a narrative catches on. I will obviously be watching closely to see if and how it translates to the macro crowd last up today is kathy. Would the michael sailor of coin base stock. Someone thinks that coin is too cheap right now. Kathy would scooped up another two hundred and forty four thousand seven hundred and seventeen shares of coin yesterday. Worth an estimated seventy six point. Three million dollars. This was split between arc's flagship innovation. Etf and their next generation internet etf through funds yesterday also sold invidia the total amount of coins shares that arc has bought is now at one million five hundred. Seventy one thousand four hundred and fifty six now. I sort of think it's always worth asking what kathy knows that we don't or at least how she sees the world differently but that let's shift to our main discussion. Today is earth day a holiday. That's been celebrated since one thousand nine hundred seventy and thought four earth day it would be great to actually bring ourselves up to speed on the latest in the bitcoin energy debate outside of some mainstream.

Three million dollars one million yesterday last year Today twitter Kathy Go bit go two hundred and forty four tho Seventy one thousand Ethan today second first Paul michael multi hundred million above twenty six hundred four hundred and fifty six
"mike novigrad" Discussed on Squawk Pod

Squawk Pod

06:57 min | 5 months ago

"mike novigrad" Discussed on Squawk Pod

"The american people. Let's get it done together. Congressman congressman. Gottheimer thank you for your time and we'll continue to check in with you as we see these issues developed and see how that unity's going thank you very much coming up the fifteen dollar debate. Why minimum wage may become the crux of small business. Recovery shark tanks kevin o'leary. Let's all admit and agree. That small business are on their knees right now to go. Tell us that we should brace for a twenty percent. Increase in. Our cost is just insane and galaxy. Digital's michael overdrafts. Maybe we should focus on a living wage versus a minimum wage because living in alabama leading in new york city are very different economies. We'll be right back. You're listening to clock pod. Oh i saturday's you ender. I'll go good. I wanted to hear from you. Wanted to hear a good morning. I'm morning and welcome the squawk box. Joe i'll altogether now ready one two three good morning good morning class. We can't do it because of the delay. Good morning and welcome the squawk box. That's another problem with these remote location. And they were good morning I'm sorry that's my mistake. I'm joe kernan. That's not a mistake. I am deal colonel becky quick andrew ross sorkin. We set up a debate about fifteen dollars minimum wage whether it's Politically possible what it would mean for workers and for business. We're joined by mike novigrad. Ceo of galaxy digital and kevin o'leary chairman at oh shares. Etf shark tank co host and a cnbc contributor. How many businesses do you have. Investments in o'leary is an american almost every sector and almost every geography. This is the worst idea. I have ever heard at this time. This is a crazy idea right now but give us what what would it do. What would you do with the businesses that you're running that you have employees would. Would you not hire people that you were going to hire. Would you fire people that are currently employed based on the business not making sense with With wage prices. That high. First of all joe. Let's all admit and agree. That small business are on their knees right now. We have never gone through a period since march seventh. Like this ever and to go tell us that we should brace for a twenty percent increase in our costs at a time. When purchase behaviors of chains all across america. We're trying to figure it out is just insane and so yes. We would start to look at cutting employees not hiring new people. It's not this is not the time for this idea. It makes no sense. It doesn't take into account the different regional costs of living on on top of that. We're pouring maybe another program on the top and then taking it away from the minute i get it. I mean that is that is beyond insane. That's the definition of insanity doing the same thing over and over again expecting a different outcome. This is not a good idea. Let me suggest another. It's not fair to criticise policy. Unless you have an alternative that may be better. And maybe i can get my esteemed colleague here to agree with me and support this idea for the next twenty four months just the next twenty four months any business under a one hundred million dollars in sales or one that wants to be started by an entrepreneur pays no federal tax and is not bound by any minimum wage. Do that for twenty four months and watch what happens and in addition. Cancel the ppp. I've seen what happened since the last march and april. Pp fifty percent of that money was completely wasted and if congress ever decides to shine the light on those loans. It's going to be learning into let me get. Let me get to niagara. So mike your ideas to pay employees in bitcoin and have that quadruple and then they're making like thirty bucks an hour. Is that how you that that we should focus on a living wage versus a minimum wage. Because you know. Living in alabama living in new york city are very different Different connie's so that would be my first thought. My second thought is listen. The bulk of people making less than the minimum wage don't work for small mom and pop businesses. They worked for the big box retail stores. Eighty five percent of people at work in big box retail make less than a living wage in the county they levin. That's crazy that's the home depots of the world. That's the lows of the world. It used to be walmart until they got so much pressure. it's it's quick service restaurants You know and so these are big big chains where people are making lots of money. I it's unethical for someone to work a forty hour week and make you know eight dollars an hour. It just doesn't add up specialty going up like a lot of those target walmart all those places without any government intervention or marketplace finagling. They've all gone up to. They're paying fifteen dollars already. And that's that's organic and the you know we're about it a strong economy. You're trying to get a bunch of workers and they can demand that joe. I think a lot of reason amazon moved its wages. Walmart's moved this ways because political pressure because of social and political pressure because may oh see screaming at them and say oh. Can you not pay any tax in. Pay your workers so little out. Can the government be subsidizing your employees with downs by three billion dollars of food stamps. The government pays in walmart employee. Who then spend them at walmart. That just doesn't make sense when you know when walmart's one of the most profitable companies in the world. It just does kevin you know. The market is an amazing thing. The american entrepreneur is a force of nature and by putting any kind of constraint on their decisions in terms of battling back from a basically an economy that was shut down on them for. No fault of their own is a huge mistake. My whole point is it's not lot that hasn't worked for fifty percent of our economy it for a long time and the the medicine that the central bank governors and the treasury chiefs held on to fifty percent of the jobs in america come from small businesses half. The economy is driven by the ones that you just pooh-poohed said no no. It's all about walmart. Notice it. It's all about businesses that hire twenty eight people that started grinded out their family businesses an oklahoma and tallahassee and chicago suburbs. They're the ones they can't reward fifteen dollar minimum wages. They're the ones the amount we had. Our capital attacked two weeks ago. We have this tension in america because we have to do with the minimum wage. That's a lot to do with it because we have a huge at between rich and for which continues to get wider every year between republican and democrat administration and it's breaking the social fabric of our country period. And that's why we have.

walmart amazon kevin o'leary mike novigrad Walmart america new york alabama kevin twenty percent march seventh Gottheimer Joe twenty eight people joe kernan fifty percent chicago twenty four months central bank last march
"mike novigrad" Discussed on Art of the Hustle

Art of the Hustle

02:04 min | 9 months ago

"mike novigrad" Discussed on Art of the Hustle

"Of the movement to legalize gay marriage right and so I realized shit the biggest tool I have in my toolbox to change the way that people think about the people I love in the criminal justice system or immigrants or refugees or people struggling with poverty or people struggling with racism or women and girls struggling with equality or environmental justice by port, Broken Education Systems people struggling with addiction or mental health all issues of inequality that we could make film and Television podcasts to change people's hearts and minds move legislation, increase, philanthropy, etc, and so Jeff, really with your help. And the help at the summit community I went out to raise fifty million dollars for this company in brought in. As you know, Roy Salter who's raised two hundred billion dollars entertainment and created a model which had eighteen percent return. So not an uber twitter instagram embezzlement prefer someone that wants to make a difference it someone that really wants to make an impact alongside and investment and make a little bit of money. It was a good investment and so we were able to bring on. Literally at the end of year one, I had raised zero dollars at the end of your to I'd raise zero dollars couple balls start have you remembered civic capital partners in China was going to be the lead that didn't work out and then we talked for a long time with Kobe. God rest his soul was going to be elite investor and although he didn't invest, he was such as the border and even bought out theaters for justice. Mercy and. Did wonderful things for us and ultimately it was Debbie. Me William Morris Endeavor Endeavor content became our lead investors and behind them a bunch of unbelievable folks came ultimately Michael Rubin. Who owns the sixers and West Edens who owns the box and Mike Novigrad and Dan Loeb in very stern legit started starwood they wanted to invest in something that made them feel great. 'cause.

sixers Debbie Roy Salter embezzlement Michael Rubin Broken Education Systems starwood Jeff Dan Loeb West Edens China Kobe Mike Novigrad William Morris
"mike novigrad" Discussed on CRYPTO 101

CRYPTO 101

07:56 min | 1 year ago

"mike novigrad" Discussed on CRYPTO 101

"Applications and you know it's Mo- it's money that's being pro ground that integrates and interact with sets of rules so and I it can also segue This into why these things can be slow. And how scale operates two in the same framework. But I'll let you all the stop and why and on and I think before we get into that and we we definitely will get into that some of the bottlenecks that are currently there. I mean do you think that a currency like like bitcoin which is looking to replace maybe gold for instance Do you think that something like that. Could actually in the CRYPTO currency ecosystem. The system in general could replace banks. You know what I I think. I think they are going to replace. Components of banks banks provide a lot of value for different reasons and so will different digital assets. And I think we're GONNA see hybrids evolves evolves and we are not going to see a complete dismantling of the banking infrastructure. Because there's a lot of good positive things that come from that but we're GONNA see banks. Thanks get more integrated to crypto. And you're GONNA see crypto disrupt and dismantle more of these unfair banking practices and things and frankly don't provide value to society one of the huge advantages of blockchain's and decentralized infrastructure and crypto currencies. Are you can replace replace middlemen in environments that are that are taking more than their fair share and it's it's absolute disruption mechanism that that will ultimately result in more fair and equitable systems. And I like to use the word democratized business and you can really democratize businesses and make them more community the on and that's what we're gonNA find when it comes to banking evolution. What are some of those? Like unfair banking practices that you know. The general neural public is being exposed to that we don't even think about on a day-to-day basis. Will the one thing would just be around lending so if anyone's ever her bought a home or denny he locked for some construction or got an auto loan. So you're buying there's a whole system that's in place and there's a whole instead of middlemen that go up and down the ladder and the amount you pay out if you were just you know if we as a community were lending and borrowing with each each other directly it would be far less expensive and the other thing is what happens to as we all saw aid this. You know. This is a very macro. But there's lending being and lending and lending and lending and lending right and it actually is integrated even to how we inflate currency is when someone buys a home and a bank issues alone that even Vin is integrated to inflation. And what happens eventually like Fannie and Freddie end up owning alone and And it just gets bought down the line so I'm not going to go deep into that but but really what it comes down to is. Is You know. Hey like look at what people are doing with compound and decentralized finance systems and maker Acre where they're actually new lending vehicles that anybody can show up and as long as you are seeing in your and in doing aml to ensure you're not doing money laundering and you're doing it legally you can show up and get loans from the community and it's pretty cool. So what are the biggest pain. Points in Crypto crypto. Right now it really feels like we're not quite ready to bring in a ton of users. For instance the loan system we have here in Cryptos all collateralized is D- You get something unless you have something already. What are some of the ways that crypto and blockchain need to evolve before everyone one can yes so one of At all kind of full back into usability and user experience so one piece is the. US has been just just abysmal. And Hey it's for it's been at for the sake of security. We kind of needed to have the certain guardrails and structure around entry entry and ownership and validation of identity and storing keys because this is new terrain but were quickly seeing infrastructure grow. Oh to support usability on both the end user content perspective as well as the back end in making transactions costs less removing gas fees making block time sub seconds answer. Those things are dramatically improving and then I think as we get more and more users users and more and more at volume and more and more currency into the system we can then have even more friendly financial terms that less collateral required acquired etc as volume grows and frequency grows but happy to kind of dig in more to on those points. You know one of the things that I've always been interested in. I mean he actually before we dive into the technical stuff is I always like learning about. I mean we talk to. CEO's all day. And I always like to hear about their different strategies for managing gene their companies For raising capital. I mean you guys raised money from you. Know the winkle Voss twins and Mike Novigrad has galaxy and Simon's hashed in Arlington are extra. These are all guys that everybody knows in. I guess I don't like how do you. How do you strategize around raising like how do you figure out what your evaluation is GonNa be who you WanNa get money from an all that stuff? Yeah it's a really good question so I think it also brings up one. It just is truisms of the space that is even like semi controversial is guess what at the end of the day. This is all software and in software. Even if it's essential is project requires at some point a steady humans to gather around the idea and the concept and building initiative with the goal and plan and and I've been doing tech startup since two thousand five have been part of a number of successful startups and have started many myself and raised a lot of financing in the process so thankfully had just you know knew how to do it. From my prior work experience doing machine learning startups ups and mobile startups since security startups and had learned some things on the way but also say this is a new industry so I also had to learn new things and unlearn old things in order for us to effectively raise financing so one we hate. We had a good plan but to we had to build traction and we had to bring data data points and to say hey. Here's what we're looking to do. Here's here's our plan. Here's our our traction. Thus far. Here's how executing the plan. Here's the code. Here's the customer SMER. Traction here's the you know market validation from alligators. So we we were able to you know thankfully execute on the planet. It's it's one of of You know I've just been I get into more of the details later but we also just I have to say I'm really thankful that phenomenal team around me to As the CEO has to go the money. But it's really different. You can't do that without a costume and follow up on that. I mean this is the golden question question right now that everyone in the space that listen to our podcast is you know. Stop what you're doing. You have your temp hold your calls how do you create a business. This plan on blockchain and Crypto that actually make sustainable profitable business. Yeah that's a really really great point. So that is what lured me and attract industry is. I realized you know. Hey I just started and built up a very successful and advanced analytics SAS platform so almost every farmer.

Cryptos blockchain CEO US denny Fannie Voss Freddie Arlington Simon Mike Novigrad
"mike novigrad" Discussed on KBNP AM 1410

KBNP AM 1410

02:02 min | 3 years ago

"mike novigrad" Discussed on KBNP AM 1410

"Now i'm quoting bitcoin spot prices here at bloomberg because it has gotten that hot and chuck about sort of the agony that this presents to the biggest to wall street banks is smelly bassac she's insurance companies a boutique investment banks reporter for bloomberg news she's also getting her embe a at nyu and before we get into the details what to expect right before bitcoin starts trading on the futures exchange this sunday for the first time you said that they're crypto clubs in everyone's equipped oh traitor in your mba classes and shocking how many people talk about it in an mba program comes up almost every day what are they talking about they're talking about how they can trade at all their friends are in the market in some fashion whether they're in technology somehow or whether there at a bank in the year of leaving actually to kind of you know get into the market in different ways to do what we'll for example at one of the biggest investors we on this basis met my nova grads right i mean mike novigrad says people he's hired from millennium goldman and morgan stanley right so you know while the big banks have been very slow to get in we've seen talent move to places where they can do more active in the market cures how do you expect this to be cleared if a lot of the banks are not willing to do that how did you clear a trade i am very curious to see what volumes look like on sunday and monday i've been asking everybody what they're expecting because golden has said they'll be able to do it immediately all the other banks pretty much have said they're not going to be ready on day one or they're not going to do it at all they're still waiting what's the main obstacle is it the the margins that people have to post the margins are wicked high higher there they're 44 percent they used to be 33 percent but after so much volatility to last couple of weeks cbo actually raise the requirements so that means that anybody looking to make a bitcoin trade has to posed forty four percent of whatever the trade they're trying to put on the equivalent of that in some kind of hard asset cash correct aside and and so what does that mean if the price goes up rapidly than.

bloomberg insurance companies mike novigrad goldman reporter nyu morgan stanley golden forty four percent 33 percent 44 percent
"mike novigrad" Discussed on KBNP AM 1410

KBNP AM 1410

01:34 min | 3 years ago

"mike novigrad" Discussed on KBNP AM 1410

"I put some retirement money bitcoin my answer is emphatically no um and it may not be really this is a conversation about the utility value of any particular network um and its adoption over time it's a bed on on a it's a speculative bit on its future do you know any one who is selling their home an putting the proceeds into bitcoin i absolutely do not know anyone who's selling their home and and i wouldn't recommend selling anything you couldn't part with easily but i mean do you know people who are who are actually investing a substantial amount of money in after kearns tim draper of a drew a draper jurvetson i believe that he's amassed quite a collection indeed and mike novigrad has spoken about um proportion of mom several millions of dollars that they're putting into it those who can afford to play in that end of the pool do that and adoption from young people and the millennial generation that really is looking for some edge and try to understand that crucial assets the looked to be putting some lanes would as well how does this end you're making me do predictions i i hear you go yeah i think i think bitcoin will stay around for the duration the what it will be in the future i think we still don't know i think there will be centres of gravity for different types of crypto assets and blocked in solutions i think chris furness skis akali colleague he's mentioned this is the emergence of new asset classes and and we believe that and i think years from now we will continue having sculpture are we go round and round in terms of the bitcoin and so on but i want to ask you about the block chain and.

kearns tim draper mike novigrad chris furness