The real reasons behind the crypto crash, and what we can learn from Terra’s fall
Over the past couple years, an astonishing amount of money has flown into the crypto space via venture capital firms, perhaps most notably from Andreessen Horowitz. Terra itself was theUST’s crash could raise mistrust on both sides. “It is likely that many of the institutions that have invested in the space may see significant short-term losses, resulting in a slowdown in venture investing,” Maximo writes to TIME.
At the moment, Terra’s major investors are being forced to decide whether to help bail the project out or cut and run. Many of them have been awfully quiet over the last week. Michael Novogratz, the billionaire founder and CEO of Galaxy Digital who got aA representative for Lightspeed Venture Partners, a major crypto-focused firm that invested $250,000 in the Luna token, wrote that they remained committed to the space. “Lightspeed has been investing in blockchain for over 8 years.
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