Naseem Taleb and Peter Brandt Talk About BTC: 'Winter May Be Long!'

Naseem Taleb and Peter Brandt evaluated the cryptocurrency market. The cryptocurrency leader underlined the prolongation of the “ice age” regarding Bitcoin and its altcoins.

Will the crypto winter continue? For starters, there are some prominent dates in the Cryptocurrency market. For example, in 2018 and 2019, there was a process called a crypto winter. While real winters last a few months, this one lasted more than a year. As opposed to real-world weather changes, this is about market changes for cryptocurrencies, which Naseem Nicholas Taleb and Peter Brandt pointed out when talking about the current difficult times and the near future of the crypto space. According to Naseem Taleb, author of "The Black Swan", the crypto winter isn't exactly what some people think. As we mentioned earlier, winter is an abstract expression that refers to the seasons in a real-world setting. It means something completely different in the crypto market. It risks not being as ephemeral as people expect. This could be a long period of market downturns, like the Ice Age. Trader Naseem Taleb used the following statements in his evaluation: “The term “crypto winter” is extremely deceiving. Seasonality, perhaps worse, implies a return to a trend. No, winter risks not being temporary. What you call winter can turn into a permanent and inevitable iceberg full of extinctions.” According to trader Peter Brandt, who has a lot of experience in the cryptocurrency market, the current challenges facing various cryptoassets are just the tip of the iceberg. There must be a bigger problem underlying the first problem. To prove this point, Peter shared a tweet announcing that Voyager has set a withdrawal limit. Voyager is one of the platforms affected by the market crash. 3AC is said to have a large debt borrowed from Voyager and is considering defaulting on payment. Peter Brandt made the following statements in his evaluation: “Many bank holidays are approaching in the crypto/NFT space. This is like an iceberg. The real danger is that the iceberg is below the waterline.”