“There is no good news in what happened in markets or to the Terra ecosystem. In Luna and UST alone, $40bn of market value was 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,” said Novogratz in a letter posted on the Galaxy Digital website.
To that end, he has resolved to keep the LUNA tattoo, which he famously had added to his left arm in TK as a reminder.
“My tattoo will be a constant reminder that venture investing requires humility”.
‘Enforcement 40’ for 2020
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