A New Crypto Winter Is Here and Even the Biggest Bulls Aren’t Certain Why

“Bitcoin is crashing and investors are freaking out,” Anthony Pompliano, a crypto evangelist and investor, wrote Friday. “There was no smoking gun,” said Michael Novogratz, who runs Galaxy Digital, a crypto merchant-banking and trading firm. President Trump’s return to the White House ushered in a new era for digital assets, which continued to gain acceptance among individual investors and legitimacy on Wall Street.