to cryptocurrencies known for its predictions Mike Novogratz, CEO of Galaxy Digital, happened in may Terra (Luna) made statements about the collapse and the general crypto market.
Speaking at the Token 2049 conference held in Singapore, Mike Novogratz said that many LUNA investors have held LUNA tokens for a very long time.
LUNA The famous CEO, who thinks that there is a lack of risk management in his investors, continued his words as follows:
“When the Terra web and LUNA collapsed in May, it was all heartbreaking. However, this has been an important lesson for the cryptocurrency industry.
It is necessary to take profit when a coin goes from 20 cents to 100 dollars. But if you’re not making a profit, that’s crazy.
The main issue here is that many retail investors who enthusiastically buy the LUNA token lack risk management to take profits.”
As it is known, Mike Novogratz was both a big supporter of Terraform Labs and also an investor in the project. Also, Novogratz LUNA He also has a tattoo.
“Bitcoin Rises The Moment FED Gives Up Its Aggressive Stance!
general outside of LUNA cryptocurrency Mike Novogratz, who also evaluated the market, said that cryptocurrencies have been relatively more robust in the past month.
According to Novogratz, the moment the Fed abandons its aggressive monetary policy, Bitcoin (BTC) and cryptocurrencies will rise again.
Famous CEO who thinks there aren’t too many forced sellers in the market “We are in a strange equilibrium with a few buyers and a few sellers” said.
Finally crypto- Stating that he believes the bear market in coins and the traditional economy is on the verge of a similar collapse in 2008, Mike Novogratz said that despite these, there are still bull market vibrations in crypto.
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