Coin Bureau: Crypto Is In A Different Place Than During ‘Crypto Winter’

According to Coin Bureau the digital assets space is in an entirely different place now than they were during the so called “crypto winter” in 2018 and 2019.

The host of Coin Bureau, known as Guy shared with the 1.92 million subscribers to Coin Bureau’s channel that the two time periods are “almost incomparable.” He explained:

“The markets have evolved. More people know about crypto. More people are using crypto. The investors are different. The investors are investing based on different theses. The conditions that led to the last crypto winter are nowhere to be found.”

The analyst makes an argument that the massive boom in initial coin offerings (ICOs) caused the price bust in 2018, however right now the prices have gone down because of external factors.

“The markets are tanking right now because of factors that are way, way outside of the crypto market. A global pandemic and monetary stimulus not seen in over 100 years [are] pretty likely to have big implications for nearly all asset classes, and crypto is no different.

In fact, part of the reason that we’re seeing these moves is precisely because crypto has become such an investable asset class. Those institutional investors who allocate to equities are now taking general risk off the table.

They’re not discriminating between ETH and Netflix, Bitcoin and Tesla. They are worried about the Fed hiking rates, war with Russia, supply chain disruptions, pandemic variants – it’s a global macro landscape and crypto is being caught up in it.”

Also the regulatory and political landscape for crypto has changed, Guy points out. China’s influence on the crypto markets in 2018 was huge, but along with the recent Bitcoin (BTC) ban, the analyst says that China is becoming “increasingly irrelevant” to crypto.