But this time, the answer is simple, at least according to noted Bitcoin bull and Galaxy Digital CEO Mike Novogratz.
In a tweet on March 13, Novogratz said: “[Bitcoin] was always a confidence game.
Rebuilding confidence So rather than dwelling on losses, Novogratz suggests that the real question is how to bring confidence back to Bitcoin.
So confidence is not gone completely, and some will still try to profit from Bitcoin’s extreme volatility at this time.
However, for the markets to fully regain confidence, investors may have to wait until the current panic blows over.