Bitcoin 
As cryptocurrency investors continue to navigate the ongoing crypto winter, what is a crypto winter and how does it compare to a bear market?
Between January 2018 and December 2020, Bitcoin fell about 80%. While this crypto winter hasn’t been that brutal, it’s more common to hear the term due to the rise in popularity of cryptocurrencies. With so many companies out there focused on the space, many have had to announce hiring freezes and even layoffs. Gemini, Coinbase, and Crypto.com are just a few companies that have had to redirect their focuses.
Ross Mac explained the similarities and differences between the two popular investing buzzwords in the latest episode of the Crypto Minute on TheStreet.
FULL VIDEO TRANSCRIPT BELOW:
No, crypto winter isn’t a real winter. Similarly to the stock market, crypto also goes through cycles, so the easiest comparison to crypto winter would be a bear market.
And, no, this isn’t the first time that the crypto market has felt the freeze. Between January 2018 and December 2020, Bitcoin fell about 80%. While this crypto winter hasn’t been that brutal, it’s more common to hear the term due to the rise in popularity of cryptocurrencies. With so many companies out there focused on the space, many have had to announce hiring freezes and even layoffs. Gemini, Coinbase, and Crypto.com are just a few companies that have had to redirect their focuses.
But, similar to a bear market, and seasons, no one expects that this winter will last forever, In fact, Bitcoin has already tried to regain important support levels. So while crypto investors should bundle up and be cautious about their investments, Bitcoin isn’t going to hit $0 anytime soon.
It’s your boy Ross Mac and that was the Crypto Minute on TheStreet.
