Galaxy Digital founder and CEO Mike Novogratz mentioned on a podcast that the recent crypto market downturn is due to a combination of factors, with the deteriorating confidence in Strategy's (formerly MicroStrategy) capital structure being the main reason. 'This is a confidence collapse triggered by Strategy, and it’s evolving into a confidence crisis for Bitcoin.' He also noted that the market is under further pressure due to the overall unpopularity of the crypto market, growing investor skepticism about market structure, the Fed's hawkish stance, and the strengthening of the US dollar. https://(wublock123.com)/news/galaxy-digital-ceo-strategy-confidence-crisis-hurting-bitcoin-63621