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A Vegetarian Meat Startup Reminds Michael Novogratz of Crypto in 2017

Sofia Cabrera

Summary: Michael Novogratz, CEO of crypto merchant bank Galaxy Digital, stated that Beyond Meat, a vegetarian meat startup, brings him back to the days of cryptocurrency in 2017. He further explains this connection between cryptocurrency in 2017 and Beyond Meat, “I think big ideas grab the attention of people, you see. You get great bubbles on ...

Michael Novogratz, CEO of crypto merchant bank Galaxy Digital, stated that Beyond Meat, a vegetarian meat startup, brings him back to the days of cryptocurrency in 2017. He further explains this connection between cryptocurrency in 2017 and Beyond Meat, “I think big ideas grab the attention of people, you see. You get great bubbles on big ideas, this is a great bubble, I mean, it’s a ludicrous price, but everyone got sucked in. All the young guys on their Robinhood accounts are buying this, and this is their crypto […] And then reality does set in.”


Author: Sofia Cabrera

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