Galaxy brain… According to Mike Novogratz, CEO of crypto-focused investment firm Galaxy Digital, Bitcoin “will lead the markets back out of this Fed tightening.” While acknowledging that the current crypto downcycle has been “more painful” than previous bear markets, Novogratz told CNBC that the tide could turn once the Fed becomes less hawkish on inflation.
Smooth Sayling… “#Bitcoin is the antidote to chaos,” tweeted Michael Saylor, the laser-eyed, BTC-boosting CEO of MicroStrategy, which is the largest corporate BTC holder in the U.S. As such, some investors were worried the software company would face a margin call on a $205 million BTC-backed loan it took in March. But Saylor told CNBC, “The margin call thing is much ado about nothing.”
DOGE defender… Dogecoin doesn’t “get the credit it deserves for helping onboard people into the space,” claimed Christine Brown, the former COO of Robinhood Crypto. The dog-themed meme-coin gets a “bad rap,” said Brown, who sees its lighthearted nature as a positive attribute that attracted new users to crypto by making it seem fun and accessible.
Rock ‘n’ hold all night… Kiss frontman Gene Simmons may no longer have a diamond-studded costume, but he does indeed have diamond hands. Last week, the 72-year-old rocker took to Twitter to announce his confidence in crypto: “Re Crypto currencies: (Write it down.) I Am A HODLER. I have not sold a single position since the downturn. I believe in the future. The Near Future.”
Moneyish 