Mike Novogratz, CEO of crypto-focused investment company Galaxy Digital, stated that Terra (LUNA) investors are unable to manage risk.
Mike Novogratz September 28 held in Singapore on “Token 2049” In his speech during the event, Terra’s expressed his views on the collapse. LUNA investors risk management pretty much about to be weak Expressing that, Novogratz said that the investors’ positions are correct. that they could not leave in time stated.
Saying that the crash was heartbreaking, the CEO said that a cryptocurrency From 20 cents to 100 dollars Despite the fact that profit sales are not made, it is a insanity stated that. The real problem, according to Novogratz, is that as the cryptocurrency continues to rise, individual investors who enthusiastically buy it have any was the lack of a risk management strategy.
On the other hand, the CEO is saying that a new Bitcoin rally is different from previous rallies. it should be different stated. Stating that the 2017 rally was created by investors who did not trust the governments, Novogratz suggested that the rise of 2020-2021 was similarly based on this view. The story has had two rallies, but now on the crypto side the story is not enough Expressing that the new rally more benefit-oriented He said he expected a rally.
Also in the market sense of inevitability Novogratz commented on:
The expression of the inevitable appears constantly. There’s a sense of inevitability that we’re in the right place, I agree.
made statements. CEO at last of web3 playground in the future a big part He also expressed his belief that