Crypto Market Toys With Billionaires Saylor and Novogratz, Coinbase

“#Bitcoin is money that won’t fail you stored in a bank that can’t rob you.” — Michael Saylor

This is one of the messages that the crypto billionaire and evangelist posted on Twitter on Sept. 18, even as fresh turmoil rocked the cryptocurrency market. 

The tremors continue as investors fear that a sharp hike in interest rates to fight inflation from the Federal Reserve will cause a hard landing — a recession — for the economy. The central bank holds its monetary-policy meeting Sept. 20-21.

The cryptocurrency market is down 4.1% to $968 billion at last check, according to data firm CoinGecko. It is thus again below the psychological threshold of $1 trillion, which itself is two-thirds down from the record $3 trillion it reached last November.