CRYPTO WINTER: BITCOIN IN DEPRESSION FOR A DURATION NEVER SEEN BEFORE?

CRYPTO WINTER: BITCOIN IN DEPRESSION FOR A DURATION NEVER SEEN BEFORE?

The big boss of Coinbase Brian Armstrong was interviewed yesterday on the American national channel CNBC. The opportunity for the interested party to blow an icy wind on the morale of investors in Bitcoin and cryptos. The current crypto winter could, in fact, according to him, this time be of unprecedented duration.

BRIAN ARMSTRONG THROWS A CHILL
Brian Armstrong , founder and big boss of the giant Coinbase , is an old veteran of the crypto industry and knows Bitcoin cycles well. Cycles that see alternate phases of explosive growth ("bull run" ) and brutal tumbles, all followed by long and gloomy market periods (" bear market" and " crypto winter " ).

Thus, the current period does not really worry the regulars of the sector. Even if it will be agreed that the industrial disasters of the last few months with the LUNA collapse as epicenter had not been anticipated by anyone and clearly precipitated the events.
However, Brian Armstrong threw an extra cold snap. He explains, in fact, that things could be different this time around (and not in a good way).

“I hope you brought a jacket Brian Armstrong sat down with our CNBC reporter for an exclusive interview. He explains that he expects the crypto winter to last 12-18 months, but is preparing for the downturn to last even longer. »

The boss of Coinbase, no more than you and me, knows everything. However, while Coinbase has thanked thousands of employees , it is difficult not to see that it is the entire crypto industry which is preparing, with death in its soul, for a potentially long and painful hibernation.

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