Mike Novogratz will wear his Luna (LUNA) tattoo as a symbol of humility throughout the next crypto super-cycle, which he expects to begin in Q4.
Bitcoin (BTC) will not “trade well before the Fed flinches and takes its foot off the brake,” according to Mike Novogratz, who spoke at CoinDesk’s Consensus 2022 conference, but the world’s most popular digital asset will bottom before U.S. equities.
He stated, “
- “My hope is that by the fourth quarter, the economy will be slowing enough that the Fed says we are going to pause, and then you will see the next crypto cycle start. Then Bitcoin will break from equities and lead markets.”
Interest rates in the United States will rise to 5%. He’s looking for a decoupling between crypto and the rest of the world.
During the next bull market, Novogratz recommends Galaxy Digital (GLXY) and others to “resist the impulse to be so greedy.” He said that those who bought in early enough on Luna had a 300X return, which is just not the case in the markets. “There’s a reason ecosystems evolve at such a rapid pace. Know what you’re getting yourself into. “You don’t get 18 percent for nothing.”
