Loup Funds analysts Gene Munster and Dough Clinton—touching upon the recent cryptocurrency crash that plummeted valuations of Bitcoin and Ethereum—said that “crypto is here to stay.” What Happened In a recent discussion, Munster noted that the downturn in the prices of Bitcoin was sharper compared with the tech-stock-heavy Nasdaq. Munster said the volatility in cryptocurrencies “scares an old guy like me.” “People who are believers in crypto aren’t necessarily shaken by a 50 percent drawdown,” Loup’s Clinton said. “Crypto hasn’t died, it’s been drawn down by 50 percent four times in the short span, it’s been drawn down by, I think, 80 percent a couple of times over its history and it’s still here.” Why It Matters Both Bitcoin and Ethereum are trading nearly 50 percent below their November all-time highs of $68,789.63 and $4,891.70, respectively. In the past week alone, the global cryptocurrency market cap has declined from nearly $2 trillion …