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This Billionaire Is Betting Big On Crypto, Psychedelics And A Doping-Friendly Olympics | Forbes
Posted
September 26, 2024
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September 26, 2024
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46:35Now PlayingChristian Angermayer is seemingly behind every flashy investment of the last decade. With boundless bravado and a roster of famous friends—including Peter Thiel, Uma Thurman, and the president of Rwanda—the German billionaire is getting ready to launch the Enhanced Games, a 21st-century Olympics on steroids—literally.
When Angermayer’s friend Aron D’Souza, an entrepreneur and the lawyer who worked with Peter Thiel to take down Gawker Media, mentioned he wanted to disrupt the Olympics by launching a major sporting event that allows athletes to dope with performance-enhancing drugs (under a doctor’s supervision), Angermayer thought the idea was brilliant.
In 2018, Angermayer started his own psychedelics firm, ATAI Life Sciences, which he took public on the Nasdaq in 2021. ATAI is conducting clinical trials on a suite of psychedelics, from DMT to ibogaine to MDMA. Somewhere along the line, he also got into Bitcoin. He still owns about 1,000 of them, worth about $58 million at the current price of $58,000. He’s a true believer who thinks a single Bitcoin will eventually be worth $1 million.
He also believes that science will eventually be able to keep humans from aging, predicting that living to 100 will one day be common. To that end, he cofounded two longevity companies, Zurich-based Rejuveron and Cambrian Bio in New York. Both are developing FDA- approved medications to help people delay aging.
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