This Expert Claims Crypto Winter Is Not Over But There’s A Catch

With more financial crises resulting from asset devaluations, the ongoing crypto bear markets seems to be an endless journey. Some assets saw brief rallies but many are still falling.

Kathleen Breitman is the CEO of Tezos, which is a cryptocurrency platform. She also shared her thoughts on crypto bear effects. Breitman believes that the end to the crypto winter may not be near, however she remains optimistic about the survival and use of some useful crypto apps.

Why Price Devaluations Are Common

Tezos’ CEO stated that recent rallies did not signal the end of the bear markets. According to her, the high valuations of crypto companies were artificially inflated by easy money coming from venture capitalists looking to make a profit.

Kathleen also stated that, even if interest rates are stopped by the Feds, crypto apps that have organic growth potential will still survive.

She also spoke out about the decline in digital asset prices in 2022. The CEO stated that digital assets were inflated because of easy money being poured into them. As an example, she cited OpenSea NFT market as an example of cryptocurrency devaluation.

According to data from Dune Analytics, OpenSea’s trading volume dropped from ~$3 billion in September 2021 to less than $350 million in September 2022. Kathleen explained that cheap money started in many countries and has since spread. OpenSea is valued at $13 Billion, she said.

The bear market’s end was also discussed by other industry leaders. Charles Hoskinson (founder of Cardano), Brett Harrison (ex-president at FTX US) and Brain Amstrong, CEO, Coinbase predicted the end of the bear market.

Bear Market, Breitman Can Only Survive With Useful Crypto Apps

Tezos’ CEO stated that easy money was not available so get organic users. When asked if a pause in Fed’s rates hikes could revive the crypto market, Breitman said there would still be a shift in crypto and tech valuations. According to Breitman, valuations should be determined based on user growth rather than cheap strategies (easy cash) that can quickly disappear.

Breitman stated, in addition to the above, that no metrics had evaluated technology or cryptocurrency during low interest rates over the past ten years. She maintained, however that crypto-applications would be able to thrive regardless of the difficulties.

As per Breitman, the demand for digital arts and their trading on blockchain was the driving factor for Tezos’ increased popularity in 2021. Breitman claims that the blockchain’s use in trading and creating digital art is the sole source of organic growth for the crypto industry.

Analysts are focusing on the topic of ending the easy money era in the crypto crisis. Some analysts believe recent Bitcoin price stability has been good news for the industry. Nexo’s founder, who is a crypto-lending firm, stated that BTC’s recent performance strongly suggests that the market for digital assets has matured.

This Expert Claims Crypto Winter Is Not Over But There's A Catch
BTC is below the $20,000 mark l Source: BTCUSDT,
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