Crypto Conquerors and Political Follies: A Wildeian Perspective

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The Future of Crypto: Gold‘s Younger, Braver Sibling or Just a Fad? 🤔

Ah, the illustrious Michael Novogratz, founder and CEO of Galaxy Digital, concedes that his beloved crypto industry is at a veritable crossroads—perhaps wondering whether it should wear a crown or a dunce cap. Last Thursday, beneath the cold gaze of the Nasdaq, his firm proudly declared its presence under the moniker GLXY, as if the universe itself needed another star.

“We started off wanting to be the Goldman Sachs of crypto,” he reminisces, recalling days when dreams were big and the risk even bigger. Now, he observes, “The herd is finally here.” One can only wonder—are they following or simply wandering in circles? 🐑

Galaxy’s debut on the public stage introduces a curious new act: while still in the crypto business, they’ve cogitated into the realm of AI data centers. Because nothing screams “cutting-edge” like stuffing servers with electrons and ambitions.

Describing Galaxy’s latest venture, Novogratz calls it “a data center company plus a crypto company,” citing a mammoth lease with CoreWeave at Texas’s Helios site—nearly $14 billion in rent over fifteen years. Truly, the sort of investment that makes you wonder whether money is only a number or a prelude to chaos.

He claims the AI expansion isn’t merely a hedge but the heartbeat of future growth. “These are the two most exciting areas—AI and crypto,” he declares, as if the universe itself were waiting for his approval. Expect the first cash-filled tranche from the data center by mid-next year—surely, a moment to celebrate or to buy more popcorn. 🍿

Crypto and Politics: A Wildean Circus 🎪

On the political front, Novogratz does not mince words. “The four years under Biden were really un-American when it came to crypto,” he pronounces, as if any era could qualify for such a high crime. “It was just misery,” he adds, with the tone of someone discovering that the emperor had no clothes—only a rather expensive suit of cynicism.

Nevertheless, he lauds bipartisan efforts by Senators Warner and Gallego—an act of political ballet, perhaps, or just a desperate attempt to keep the show running. “We’ve got to get this bill done, which I think happens Monday. Then there’s a market structure bill, and crypto will go quiet in D.C.,” he predicts, as if governments were mere theater props rather than actual powers.

Looking into his crystal ball, Novogratz foresees Bitcoin (BTC) ascending past 106, 107, 108, reaching for the stars at 131 and ultimately 150—numbers as arbitrary as faith in the future of finance itself. He marvels, “Crypto is a $2 trillion asset. Gold is a $22 trillion asset. One day, crypto will equal gold”—a prediction as daring as claiming to turn lead into gold or to find the meaning of life in a ledger.

![Image of a shining galaxy with stars]

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2025-05-16 21:13