‘DeFi is going to win’: Crypto billionaire Mike Novogratz shares his investing approach to betting on blockchains that will support the future of finance

• Michael Novogratz says crypto replaces centralized trust in institutions.
• He says DeFi will be widely adopted because it’s faster and more transparent. 
• He predicts there will be fewer sovereign currencies that are accompanied by digital currencies.

Will crypto reshape the world? Michael Novogratz, the CEO of Galaxy Investment Partners, believes it will.

At the recent Emerge 2022 conference, he reminded the audience that bitcoin itself was born during a period of rapid global change.

He cited the 2008 financial crisis, which coincided with a collapse in world trade that had been built on trust between countries, and the loss of jobs and homes for millions of Americans. Shortly after, in 2009, bitcoin was born.