In an interview, Mr. Novogratz said that while he had been publicly optimistic about the future of Luna and other cryptocurrencies, he made sure to include words of caution. “It’s painful to me that too many people lost too much of their earnings” in Luna and TerraUSD, Mr. Novogratz said. “I always said don’t put too many eggs in one basket.”
Digital currencies will rebound before stocks and the current downturn will prove healthy, he added. “It washes out people who came late, testing the system,” he said in the interview. “I’m arguing the system is gonna hold.”
Source: Mike Novogratz’s Crypto Comeback Faces a Trial by Fire – WSJ
