What is a Crypto or Technologie Winter? And is it a bad thing?
Léonie :
« The term « winter » in technology cycles was first used in 1984 to describe a chain reaction of pessimism, funding cuts, and the end of serious research in the AI community.
Similarly, the cryptocurrency industry experienced a winter in 2018 and 2020, until the DeFi Summer renewed interest and capital. To determine if there is a Crypto Winter, we would need to see pessimism, funding cuts, and a lack of serious research. While there is some pessimism in the community and media, it’s unclear if we are currently experiencing a Crypto Winter, as of the moment we are recording this podcast.
The crypto market is known for its volatility, and a crypto winter is always a possibility. However, it is difficult to predict when and if a crypto winter will occur. If it does happen, it is likely that the market will eventually recover, as it has done in the past.
Now I believe we are just in the bear market in the short to mid term, I can tell you this doesn’t look to me to qualify as a Crypto Winter, perhaps more like a Summer Sale, so no it is not at all a bad thing. »
What are your thoughts about Crypto Winter? Advantages and inconvenience?
Léonie :
« A crypto winter can be inconvenient for investors who have invested in cryptocurrencies and blockchain projects during the bullrun, as it can lead to significant losses in value.
However, it can also have some advantages, such as providing an opportunity for blockchain projects to reevaluate their strategies and become more efficient.
It can also weed out weaker projects and promote greater innovation and competition in the market. »
Un projet ? Une problématique ?
Léonie Nguyen, Experte Blockchain & Web3
