Investment Thesis
Macro crypto thesis, institutional crypto adoption. Galaxy Digital founder.
What Excites Them
Macro-aligned crypto bets, institutional infrastructure, Bitcoin thesis
What They Pass On
Micro-niche without macro relevance
How to Pitch
Mike thinks macro. Show how your project fits the macro crypto thesis and institutional adoption.
Key Frameworks
Institutional Adoption Curve
Crypto follows a predictable S-curve of institutional adoption: hedge funds, then asset managers, then pensions
Notable Writing
Bitcoin ETF approval marks the beginning of mainstream crypto financial products.
Bitcoin adoption follows the S-curve of technology adoption and is still in early majority.
Institutional adoption of Bitcoin in 2020 marks a permanent shift in crypto legitimacy.
Podcast Appearances
Key Quotes
“Bitcoin is digital gold. Ethereum is digital silver. DeFi is digital Wall Street.”
— CNBC
“Bitcoin is digital gold. Once institutions fully embrace it, we will look back at these prices as the beginning.”
— CNBC
Background
Founder and CEO of Galaxy Digital. Former Partner at Fortress Investment Group. Former macro trader at Goldman Sachs. Known for bold crypto predictions.