Mike Novogratz Now Admits That Terra's Model Was Unsustainable

By CryptoNews - 1 year ago - Reading Time: 1 minutes

Mike Novogratz Now Admits That Terra's Model Was Unsustainable

Galaxy Digital CEO Mike Novogratz has said that although he was “worried about the macro environment,” he was hoping bitcoin (BTC) “would stay in the USD 30,000 to USD 50,000 range.” At the same time, he argued that the model his once-favorite crypto Terra (LUNA) was built on was unsustainable.
The comments came in an interview with New York Magazine published on Sunday....
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Original source: CryptoNews