Crypto winter is an extended period of depressed cryptocurrency prices when compared to prior peaks. Similar to a bear market in the stock market, a crypto winter can lead to widespread losses for investors. In other word Crypto Winter is the tough time for someone who has invested in Crypto currency!
None of the investers want this to happen. This occured previously in late 2017 until late 2018. During that time, Bitcoin, has dropped sharply from its all-time high of $19,850. and dropped more than -84%. The last Crypto winter in the end of 2017 effect the market, Bitcoin dropped more than 80% from its peak and it took 18 months to get back on track.
The risks of the Crypto Winter have had a huge impact to all crypto investers. Philipp Schindler, the senior vice-president and chief business officer of Google has admitted that even Google Ads also has suffered a slowdown in earnings, because of Google’s revenue growth decreased due to the downturn. “The company’s marketing expenses related to crypto and other financial companies during crypto winter as well.”
However,William Luther, professor of economics at Florida Atlantic University said, “it’s important to look for the long-term. If you think these are valuable assets then you should believe their use will become more acceptable in the future, and you should think that it more like a seasonal change.” That’s the reason why people call it Crypto Winter because, after winter, Spring is always beautiful.”
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