Just before the last bitcoin bubble popped, around the time socialite Paris Hilton issued her own “digital token” and idealists and amateurs across the globe were still tipsy on the idea of circumventing Wall Street, central banks and the usual billionaires with new digital currencies, Mike Novogratz was finishing up a talk at a cryptocurrency conference in New York City.
Novogratz, a former Goldman Sachs executive turned bitcoin advocate, had given many such speeches before, usually to an audience of staid financial types. This time, however, he stepped off the stage to a mob of millennials and a rock star’s greeting. “Literally pictures, pictures, pictures,” he says. “Everybody wanted a selfie. Some girl came up and started quaking, ‘Can you sign this?’ It was really weird.”