Current Crypto Winter is More Robust Compared to Past Cycles, Says Bitwise CIO

Bitwise CIO, Matt Hougan, asserts that the current crypto winter is healthier than past cycles. He reflects that in 2018 and 2022, the industry faced a Bitcoin value of $3,000, a barely functional Ethereum, a total market collapse, and a hostile regulatory environment. Today, the scenario is different with $3 trillion in stablecoins, a $200 trillion tokenization market, a favorable regulatory climate, improved tokenomics, and growing concerns about fiat currency. Despite a 49% decline in total capitalization from October's peak, the bear market isn't as severe as previous ones. Analysts attribute this slump more to broader macroeconomic and geopolitical factors, rather than intrinsic crypto issues. Alphractal founder Joao Wedson adds that long-term holders are still in profit, indicating a healthier market.