10 Reasons Why This Crypto Winter Is Especially Worst
1. Bitcoin Failed to Rise Even During a Period of Distrust in the Dollar.
With growing distrust in fiat currencies, Bitcoin should be shining now, but people are turning to gold instead.
The narrative of "If it can't rise now, when will it rise?" has collapsed.
2. The saying, "We're still in the early stages" no longer holds water.
There are ETFs, and anyone can easily buy them.
Crypto is now completely mainstream, making the self-hypnosis of "early investment" impossible.
3. Community Cohesion Has Disappeared.
The old social media urge to support and trust each other is gone.
The emotional cushion that once protected price declines has collapsed.
4. Institutional Adoption Has Arrived, But It's Not Translating to Token Prices.
Wall Street is interested in "crypto infrastructure" like stablecoins and tokenization.
However, there's no longer a structure in place for existing holders of coins like ETH and SOL to benefit from these investments.
5. The regulatory excuse is no longer valid.
A pro-crypto administration has taken office, and the positive news has already been reflected in prices.
The "if only regulations were lifted, it would go up" tactic is no longer viable.
6. Talent and interest have shifted to AI.
Talented developers and investors are moving from crypto to AI.
Crypto is currently losing ground in the mindshare race.
7. Bitcoin mining is losing ground in the electricity race.
For the same amount of electricity, AI data centers are more profitable than Bitcoin mining.
Even mining companies are pivoting to data center businesses,
which is leading to long-term concerns about Bitcoin network security (hash power).
8. The long-term security risk of quantum computing has emerged.
While not immediately apparent, the possibility that the development of quantum computers could threaten Bitcoin's cryptographic system itself has become a real topic of discussion.
9. Criminal image risk is growing.
With the proliferation of cryptocurrencies in the Epstein documents and elsewhere,
the narrative of "money for the unbanked"
risks being seen as a currency that attracts socially disadvantaged users.
10. Companies holding Bitcoin have become potential sellers.
Bitcoin DAT companies like MicroStrategy
formerly were consistent buyers,
but now they are being perceived as potential forced sellers depending on the circumstances.
Reading this makes me scared, teacher...
x.com/TheStalwart/status/20194...
