Mike Novogratz: Bitcoin Weakness Related to Market Concerns About Strategy Financing Model

According to Crypto News, Mike Novogratz, CEO of Galaxy Digital, stated that the recent weakness of Bitcoin is related to increasing market concerns about the Strategy model, and there is currently a confidence breakdown led by MicroStrategy. Mike Novogratz pointed out that the problem lies in the market's reassessment of Strategy's financing structure, and its stocks and preferred securities have become indicators for measuring the risk appetite of the cryptocurrency market.