Mike Novogratz preaches humility and keeps his LUNA tattoo


The CEO of the investment company Galaxy Digital, Michael Novogratz, finally speaks out about the recent financial disaster in the Terra ecosystem. Michael Novogratz is a known supporter of the Terra ecosystem, including its Luna cryptocurrency and so-called stablecoin TerraUSD (UST).

Mike Novogratz keeps his LUNA tattoo as a reminder that investing requires humility

In his first public statement since the spectacular failure of dollar-pegged stablecoin TerraUSD (UST) and its companion token LUNA, Mike Novogratz stresses how the loss should be a lesson and a warning for investors in cryptocurrencies. In an open letter, Mike Novogratz announced that his Terra-inspired tattoo would serve as a reminder to be humble in the world of venture capital investing.

There is no good news about what happened in markets or the Terra ecosystem. In Luna and UST alone, $40bn of market value got 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. My tattoo will be a constant reminder that venture investing requires humility. Mike Novogratz.

Mike Novogratz.

To that end, he has determined to keep the LUNA tattoo on his left arm, which he got as a reminder in TK. In an enthusiastic display of support for the now-collapsed Terra ecosystem, Novogratz revealed his wolf-themed tattoo to his 461,000 Twitter followers on Jan. 5 for the first time. Do Kwon, the creator of Luna and UST responded to Novogratz’s tattoo by calling him the “King Lunatic.”