{"id":1787590,"date":"2022-12-27T06:05:10","date_gmt":"2022-12-27T11:05:10","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1787590"},"modified":"2022-12-27T07:50:28","modified_gmt":"2022-12-27T12:50:28","slug":"is-this-the-last-crypto-winter","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/is-this-the-last-crypto-winter\/","title":{"rendered":"Is This the Last Crypto Winter"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">12<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fis-this-the-last-crypto-winter%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1787590&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47-->\n<p class=\"p1\"><em>Commentary<\/em><\/p>\n<p class=\"p1\">2022 was the worst year for cryptocurrency.\u00a0<\/p>\n<p class=\"p1\">The industry is based on life support. The <a href=\"https:\/\/www.theepochtimes.com\/t-crypto\">crypto<\/a> Market has been rocked with scandals, mismanagements, bankruptcies and possible fraud. Investor sentiment and trust is possibly the lowest it\u2019s ever been, even after the Mt. Hackers stole $460 million worth of Bitcoin equivalent in the Gox scandal in 2014.<\/p>\n<p class=\"p1\">It begs the question: Will this be the last crypto-winter?<\/p>\n<p class=\"p1\">No, I\u2019m not predicting cryptocurrency market will be on the upswing from here. Is this the end of cryptocurrency market?<\/p>\n<p class=\"p1\">The total cryptocurrency market capitalization has dropped from $2.2 trillion down to $850 billion since the start of the year. This could be the most significant financial bubble burst ever recorded within one year. In the same span, Bitcoin\u2014the largest crypto asset\u2014has fallen around 65 percent.<\/p>\n<p class=\"p1\">The dramatic fall of this year&#8217;s stock market has been witnessed in 2011. <a href=\"https:\/\/www.theepochtimes.com\/t-ftx\">FTX<\/a>, a large international exchange, and the indictment of its founder and former CEO\u2014and former crypto savant\u2014Sam Bankman-Fried. BlockFi and Celsius are two of the top crypto lenders. Last year\u2019s third-biggest stablecoin, TerraUSD, lost all of its value. Three Arrows Capital also went bankrupt, one of the most important crypto hedge funds.\u00a0<\/p>\n<p class=\"p1\">Most likely, however, you already knew about all this. Another question remains: What is the future?<\/p>\n<p class=\"p1\">Let\u2019s begin by examining two external factors.<\/p>\n<p class=\"p1\">The first is macro. The forces that have driven crypto value lower this year\u2014aside from potential fraud such as FTX\u2014will likely persist. Inflation will not affect interest rates, which will put pressure on crypto and other risk assets. The world&#8217;s money supply will remain tight, which will reduce liquidity and allocate crypto to speculative asset types like crypto. The crypto market\u2019s famed accessibility and liquidity, such as its 24\/7 trading, also<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Commentary 2022 was the worst year for cryptocurrency.\u00a0 The industry is based on life support. The crypto Market has been rocked with scandals, mismanagements, bankruptcies and possible fraud. Investor sentiment and trust is possibly the lowest it\u2019s ever been, even after the Mt. Hackers stole $460 million worth of Bitcoin equivalent in the Gox scandal &hellip;<\/p>\n","protected":false},"author":1,"featured_media":1717531,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[547],"tags":[6962,5458,6987,3995,3819,3686,3829],"class_list":["post-1787590","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-bongino-report","tag-the","tag-bongino","tag-crypto","tag-last","tag-report","tag-this","tag-winter"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1787590","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1787590"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1787590\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1717531"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1787590"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1787590"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1787590"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}