Commentary
“This time is different” is a dangerous phrase in the world of finance.
But for the cryptocurrency market, this time may actually be different. We are in the midst of a “crypto winter,” a term describing a period of very low prices for the nascent digital currencies market.
This crypto winter has been especially severe, with total market capitalization of the market down more than $2 trillion since the all-time highs reached last year. Is this the beginning of the end for what some critics have labeled as “Monopoly” money, or will this be the turning point where the industry matures from here?…