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  3. /Michael Novogratz
  4. /Briefing
Pre-Pitch Briefing

Michael Novogratz

Founder & CEO at Galaxy Digital

macro crypto strategyBitcoininstitutional crypto adoption

Their Thesis

Macro crypto thesis, institutional crypto adoption. Galaxy Digital founder.

How to Pitch Them

Mike thinks macro. Show how your project fits the macro crypto thesis and institutional adoption.

What Excites Them

Macro-aligned crypto bets, institutional infrastructure, Bitcoin thesis

What They Pass On

Micro-niche without macro relevance

Key Frameworks

Institutional Adoption Curve

Crypto follows a predictable S-curve of institutional adoption: hedge funds, then asset managers, then pensions

In Their Own Words

“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

Recent Writing

Galaxy Digital Letter to Shareholders Q4 2023newsletter

Bitcoin ETF approval marks the beginning of mainstream crypto financial products.

Galaxy Digital Research: Bitcoin Adoption Curvesresearch

Bitcoin adoption follows the S-curve of technology adoption and is still in early majority.

The Institutional Moment for Cryptoessay

Institutional adoption of Bitcoin in 2020 marks a permanent shift in crypto legitimacy.

Podcast Appearances

Bitcoin ETFs and Institutional Adoption — Bloomberg
Bitcoin ETFinstitutionalmacro
The Institutional Crypto Thesis — CNBC
institutionalBitcoinmacro
Galaxy Digital and Institutional Crypto — CNBC
institutional cryptoBitcoin adoptionmacro

Galaxy Digital Portfolio

Top Sectors

Infrastructure8
L1/L23
DeFi2
NFT/Gaming2

Stage Distribution

Series B5
Series A3
Seed3
Series C3
Growth1
ElixirDeFi
Series A$15.0M
Marlin ProtocolInfrastructure
Seed$2.0M
CryptoSlamNFT/Gaming
Seed$2.0M
Ripple (XRP)Infrastructure
Growth$5.0M
SecuritizeInfrastructure
Series B$47.0M
Sei NetworkL1/L2
Series A$30.0M
HashnoteDeFi
Seed$2.0M
CelestiaL1/L2
Series A$55.0M
Mysten Labs (Sui)L1/L2
Series B$300.0M
ImmutableNFT/Gaming
Series C$200.0M

+ 5 more investments. View fund →

← Full profile@novogratzLinkedInGalaxy Digital website