The CEO of the investment company Galaxy Digital, Michael Novogratz, finally speaks out about the recent financial disaster in the Terra ecosystem. Michael Novogratz is a known supporter of the Terra ecosystem, including its Luna cryptocurrency and so-called stablecoin TerraUSD (UST).
Mike Novogratz keeps his LUNA tattoo as a reminder that investing requires humility
នៅក្នុងដំបូងរបស់គាត់។ សេចក្តីថ្លែងការណ៍សាធារណៈ since the spectacular failure of dollar-pegged stablecoin TerraUSD (UST) and its companion token LUNA, Mike Novogratz stresses how the loss should be a lesson and a warning for investors in cryptocurrencies. In an open letter, Mike Novogratz announced that his Terra-inspired tattoo would serve as a reminder to be humble in the world of venture capital investing.
There is no good news about what happened in markets or the Terra ecosystem. In Luna and UST alone, $40bn of market value got destroyed in a very short amount of time. Both large and small investors saw profits and wealth vanish. The collapse dented confidence in crypto and DeFi. My tattoo will be a constant reminder that venture investing requires humility. Mike Novogratz.
Mike Novogratz.
To that end, he has determined to keep the LUNA tattoo on his left arm, which he got as a reminder in TK. In an enthusiastic display of support for the now-collapsed Terra ecosystem, Novogratz revealed his wolf-themed tattoo to his 461,000 Twitter followers on Jan. 5 for the first time. Do Kwon, the creator of Luna and UST responded to Novogratz’s tattoo by calling him the “King Lunatic.”