Mike Novogratz Wants to Build the Goldman of Crypto and List It in Canada

www.bloomberg.com

Mike Novogratz has become a minor celebrity in the crypto world. After leaving the Goldman Sachs partnership to start (and subsequently liquidate) Fortress Investment Group, he quickly made $ hundreds of millions after betting heavily on Bitcoin and Ethereum. Novogratz is one of a few rare people like Joe Lubin who come from high-ranking positions in the traditional finance world yet take the crypto revolution very seriously, which gives them a very unique skillset and perspective on the space. Seeing the opportunity to pioneer world-class financial infrastructure for the emergent crypto ecosystem, Novogratz is creating a "crypto merchant bank" to serve 4 key areas: trading, principal investing, asset management and advisory work.

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