Billionaire cryptocurrency investor Mike Novogratz said that he will carry the Terra (LUNA) tattoo he had done in the past as a sign of humility from now on, and stated that he expects the next crypto money rally to take place in the fourth quarter of the year.

Speaking at the Consensus 2022 conference, Novogratz said that although he expects the world's most popular digital asset to bottom before US stocks, Bitcoin (BTC) "will not be traded at a good price before the Fed gets scared and takes its foot off the brake":

Speaking at the Consensus 2022 conference, Novogratz said that although he expects the world's most popular digital asset to bottom before US stocks, Bitcoin (BTC) "will not trade at a good price before the Fed gets scared and takes its foot off the brake." told.

   “My hope is that in the fourth quarter the economy will slow down enough for the Fed to say we're going to pause, and then we'll see the next cycle of crypto rally kick in. That's when Bitcoin will leave equities and lead the markets. US rates go to 5%. I hope crypto coins can deviate from this situation."

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Novogratz, who was known to be a big Terra (LUNA) fan before, must have regretted this, as he made statements about this in his new statement. The famous billionaire said that those who enter Luna early enough get an easy return of 300 times and this does not match the reality in the markets:

   "When ecosystems move really fast, there's a reason why. Know what you're investing in. You can't get 18% for free."

The billionaire's company, Galaxy Digital, has lost 68% since the start of the year. With this performance, the shares of Novogratz's company performed worse than BTC, which lost 38% of its value.