Investing

How a Cryptocurrency Trader Turned $10,000 Into $200 in Just Days

The collapse of Terra and Luna are part of broader market turbulence that has rattled the crypto world, even as some holders of the coins shrug at steep losses.

Novogratz on Bitcoin Volatility, Pain in Markets
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This was before the bottom fell out, before crypto fortunes collapsed.

This was all of five weeks ago, when Bitcoin 2022, a hype-fest of all things cryptocurrency, swaggered into Miami for fun and profit. Among the thousands who turned up there was billionaire Michael Novogratz, who bragged about a tattoo to a rapt audience. It was a wolf howling to the moon – a nod to Luna, the token behind TerraUST, a “stablecoin” that was supposedly safely pegged at $1.