{"id":26718,"date":"2022-05-12T07:57:29","date_gmt":"2022-05-12T11:57:29","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=26718"},"modified":"2024-07-28T08:26:47","modified_gmt":"2024-07-28T12:26:47","slug":"hoskinson-says-we-are-now-in-new-crypto-winter","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/hoskinson-says-we-are-now-in-new-crypto-winter\/","title":{"rendered":"Hoskinson Says We Are Now In New Crypto Winter"},"content":{"rendered":"\n<p>Cardano's founder <a href=\"https:\/\/coinscreed.com\/staging\/charles-hoskinson-predicts-more-countries-will-adopt-bitcoin-following-el-salvadors-btc-adoption.html\">Charles Hoskinson<\/a> said that we are now in a new crypto winter (downturn) which will take months to find its bottom<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img fetchpriority=\"high\" decoding=\"async\" width=\"640\" height=\"384\" src=\"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/03\/Cardano-Founder-Discusses-Bitcoin-and-Web3-at-Binance-Blockchain-Week.jpeg\" alt=\"Hoskinson Says We Are Now In New Crypto Winter\" class=\"wp-image-22100\" srcset=\"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/03\/Cardano-Founder-Discusses-Bitcoin-and-Web3-at-Binance-Blockchain-Week.jpeg 640w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/03\/Cardano-Founder-Discusses-Bitcoin-and-Web3-at-Binance-Blockchain-Week-300x180.jpeg 300w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/03\/Cardano-Founder-Discusses-Bitcoin-and-Web3-at-Binance-Blockchain-Week-150x90.jpeg 150w\" sizes=\"(max-width: 640px) 100vw, 640px\" \/><figcaption>Hoskinson Says We Are Now In New Crypto Winter<\/figcaption><\/figure>\n\n\n\n<div class=\"wp-block-rank-math-toc-block\"><h2>Table Of Contents<\/h2><nav><ul><li><a href=\"#h-if-this-is-your-first-crypto-winter-then-welcome\" >&#8220;If this is your first crypto winter, then welcome&#8221;<\/a><\/li><li><a href=\"#h-the-current-crypto-crash-is-nothing-unusual-in-historical-terms\" >&#8220;The current crypto crash is nothing unusual in historical terms&#8221;<\/a><\/li><\/nav><\/ul><\/div>\n\n\n\n<p>According to <a href=\"https:\/\/coinscreed.com\/staging\/charles-hoskinson-bitcoin-web3-at-binance.html\">Charles Hoskinson<\/a>, a new crypto winter has arrived, and the market is &#8220;in the frightening bleeding in the street phase.&#8221;<\/p>\n\n\n\n<p>Meanwhile, according to German economist Holger Zschaepitz, the present Bitcoin correction is lesser than it was in 2020.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-if-this-is-your-first-crypto-winter-then-welcome\">&#8220;If this is your first crypto winter, then welcome&#8221;<\/h2>\n\n\n\n<p>Hoskinson has welcomed anyone who has never experienced a crypto winter before to the market.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<div class=\"embed-twitter\"><blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">If this is your first cryptowinter, then welcome. Been through many since 2011 and they always hit like a cold ice bath. We are in the panicked blood in the street phase. It clears in weeks to months as a bottom is found. Then a long climb up the ladder <a href=\"https:\/\/t.co\/R1QMF0NgRI\" target=\"_blank\">https:\/\/t.co\/R1QMF0NgRI<span class=\"wpil-link-icon\" title=\"Link goes to external site.\" style=\"margin: 0 0 0 5px;\"><svg width=\"24\" height=\"24\" style=\"height:16px; width:16px; fill:#000000; stroke:#000000; display:inline-block;\" viewBox=\"0 0 24 24\" version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:svg=\"http:\/\/www.w3.org\/2000\/svg\"><g id=\"wpil-svg-outbound-7-icon-path\" fill=\"none\" clip-path=\"url(#clip0_31_188)\">\r\n                            <path d=\"M9.16724 14.8891L20.1672 3.88908\" stroke-linecap=\"round\"\/>\r\n                            <path d=\"M13.4497 3.53554L20.5208 3.53554L20.5208 10.6066\" stroke-linecap=\"round\" stroke-linejoin=\"round\"\/>\r\n                            <path d=\"M17.5 13.5L17.5 16.26C17.5 17.4179 17.5 17.9968 17.2675 18.4359C17.0799 18.7902 16.7902 19.0799 16.4359 19.2675C15.9968 19.5 15.4179 19.5 14.26 19.5L7.74 19.5C6.58213 19.5 6.0032 19.5 5.56414 19.2675C5.20983 19.0799 4.92007 18.7902 4.73247 18.4359C4.5 17.9968 4.5 17.4179 4.5 16.26L4.5 9.74C4.5 8.58213 4.5 8.0032 4.73247 7.56414C4.92007 7.20983 5.20982 6.92007 5.56414 6.73247C6.0032 6.5 6.58213 6.5 7.74 6.5L11 6.5\" stroke-linecap=\"round\"\/>\r\n                        <\/g>\r\n                        <defs>\r\n                            <clipPath id=\"clip0_31_188\">\r\n                                <rect fill=\"white\" height=\"24\" width=\"24\"\/>\r\n                            <\/clipPath>\r\n                        <\/defs><\/svg><\/span><\/a><\/p>&mdash; Charles Hoskinson (@IOHK_Charles) <a href=\"https:\/\/twitter.com\/IOHK_Charles\/status\/1524605832696143873?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">May 12, 2022<span class=\"wpil-link-icon\" title=\"Link goes to external site.\" style=\"margin: 0 0 0 5px;\"><svg width=\"24\" height=\"24\" style=\"height:16px; width:16px; fill:#000000; stroke:#000000; display:inline-block;\" viewBox=\"0 0 24 24\" version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:svg=\"http:\/\/www.w3.org\/2000\/svg\"><use href=\"#wpil-svg-outbound-7-icon-path\"><\/use><\/svg><\/span><\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/div>\n<\/div><figcaption>\u2014 Charles Hoskinson (@IOHK_Charles)\u00a0<a href=\"https:\/\/twitter.com\/IOHK_Charles\/status\/1524605832696143873?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">May <span class=\"wpil-link-icon\" title=\"Link goes to external site.\" style=\"margin: 0 0 0 5px;\"><svg width=\"24\" height=\"24\" style=\"height:16px; width:16px; fill:#000000; stroke:#000000; display:inline-block;\" viewBox=\"0 0 24 24\" version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:svg=\"http:\/\/www.w3.org\/2000\/svg\"><use href=\"#wpil-svg-outbound-7-icon-path\"><\/use><\/svg><\/span><\/a><a href=\"https:\/\/twitter.com\/IOHK_Charles\/status\/1524605832696143873?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noreferrer noopener\">12<span class=\"wpil-link-icon\" title=\"Link goes to external site.\" style=\"margin: 0 0 0 5px;\"><svg width=\"24\" height=\"24\" style=\"height:16px; width:16px; fill:#000000; stroke:#000000; display:inline-block;\" viewBox=\"0 0 24 24\" version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:svg=\"http:\/\/www.w3.org\/2000\/svg\"><use href=\"#wpil-svg-outbound-7-icon-path\"><\/use><\/svg><\/span><\/a><a href=\"https:\/\/twitter.com\/IOHK_Charles\/status\/1524605832696143873?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">, 2022<span class=\"wpil-link-icon\" title=\"Link goes to external site.\" style=\"margin: 0 0 0 5px;\"><svg width=\"24\" height=\"24\" style=\"height:16px; width:16px; fill:#000000; stroke:#000000; display:inline-block;\" viewBox=\"0 0 24 24\" version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:svg=\"http:\/\/www.w3.org\/2000\/svg\"><use href=\"#wpil-svg-outbound-7-icon-path\"><\/use><\/svg><\/span><\/a><\/figcaption><\/figure>\n\n\n\n<p>He claimed that he has witnessed many of these crypto downturns and that these &#8220;winters&#8221; always strike unexpectedly, causing everyone to fear at first. <\/p>\n\n\n\n<p>A bottom is usually reached within a few months, and then the crypto market takes a long time to recover.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-the-current-crypto-crash-is-nothing-unusual-in-historical-terms\">&#8220;The current crypto crash is nothing unusual in historical terms&#8221;<\/h2>\n\n\n\n<p>Holger Zschaepitz took to Twitter to warn the crypto community that the present free fall in the <a href=\"https:\/\/coinscreed.com\/staging\/switzerlands-bank-ubs-warns-of-a-crypto-winter.html\">crypto market<\/a> is not the first, and there is nothing unique about it historically.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<div class=\"embed-twitter\"><blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">To put things into perspective: The current <a href=\"https:\/\/twitter.com\/hashtag\/Cryptocrash?src=hash&ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">#Cryptocrash<span class=\"wpil-link-icon\" title=\"Link goes to external site.\" style=\"margin: 0 0 0 5px;\"><svg width=\"24\" height=\"24\" style=\"height:16px; width:16px; fill:#000000; stroke:#000000; display:inline-block;\" viewBox=\"0 0 24 24\" version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:svg=\"http:\/\/www.w3.org\/2000\/svg\"><use href=\"#wpil-svg-outbound-7-icon-path\"><\/use><\/svg><\/span><\/a> is nothing unusual in historical terms. <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">#Bitcoin<span class=\"wpil-link-icon\" title=\"Link goes to external site.\" style=\"margin: 0 0 0 5px;\"><svg width=\"24\" height=\"24\" style=\"height:16px; width:16px; fill:#000000; stroke:#000000; display:inline-block;\" viewBox=\"0 0 24 24\" version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:svg=\"http:\/\/www.w3.org\/2000\/svg\"><use href=\"#wpil-svg-outbound-7-icon-path\"><\/use><\/svg><\/span><\/a> has now lost 61% from its peak. In 2020, the correction was around 80%. <a href=\"https:\/\/t.co\/4SRl6uwH3b\" target=\"_blank\">pic.twitter.com\/4SRl6uwH3b<span class=\"wpil-link-icon\" title=\"Link goes to external site.\" style=\"margin: 0 0 0 5px;\"><svg width=\"24\" height=\"24\" style=\"height:16px; width:16px; fill:#000000; stroke:#000000; display:inline-block;\" viewBox=\"0 0 24 24\" version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:svg=\"http:\/\/www.w3.org\/2000\/svg\"><use href=\"#wpil-svg-outbound-7-icon-path\"><\/use><\/svg><\/span><\/a><\/p>&mdash; Holger Zschaepitz (@Schuldensuehner) <a href=\"https:\/\/twitter.com\/Schuldensuehner\/status\/1524638021563342848?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">May 12, 2022<span class=\"wpil-link-icon\" title=\"Link goes to external site.\" style=\"margin: 0 0 0 5px;\"><svg width=\"24\" height=\"24\" style=\"height:16px; width:16px; fill:#000000; stroke:#000000; display:inline-block;\" viewBox=\"0 0 24 24\" version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:svg=\"http:\/\/www.w3.org\/2000\/svg\"><use href=\"#wpil-svg-outbound-7-icon-path\"><\/use><\/svg><\/span><\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/div>\n<\/div><figcaption>\u2014 Holger Zschaepitz (@Schuldensuehner)\u00a0<a href=\"https:\/\/twitter.com\/Schuldensuehner\/status\/1524638021563342848?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noreferrer noopener\">May 12, 2022<span class=\"wpil-link-icon\" title=\"Link goes to external site.\" style=\"margin: 0 0 0 5px;\"><svg width=\"24\" height=\"24\" style=\"height:16px; width:16px; fill:#000000; stroke:#000000; display:inline-block;\" viewBox=\"0 0 24 24\" version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:svg=\"http:\/\/www.w3.org\/2000\/svg\"><use href=\"#wpil-svg-outbound-7-icon-path\"><\/use><\/svg><\/span><\/a><\/figcaption><\/figure>\n\n\n\n<p>He noted that the leading cryptocurrency, <a href=\"https:\/\/coinscreed.com\/staging\/bitcoin-falls-as-ruble-moves-to-6-year-lows.html\">Bitcoin<\/a>, has currently dropped 61% from its all-time high in November 2021.<\/p>\n\n\n\n<p>When Bitcoin momentarily dipped below $4000 in 2020, the price fell by about 80%.<\/p>\n\n\n\n<p>The previous crypto winter began in early 2018 and lasted until 2021 when Bitcoin surged to $39,700 in January before soaring above $63,000 in April after Tesla purchased BTC and began accepting BTC payments. <\/p>\n\n\n\n<p>The latter did not survive long; Elon Musk froze them, citing the contentious subject of Proof-of-Work mining and its environmental impact.<\/p>\n\n\n\n<p>Bitcoin plummeted to a low of $26,300 earlier today but has now recovered to around $27,500. Ethereum, the second-largest cryptocurrency, is selling at $1,890, much below the $2,000 mark.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Cardano&#8217;s founder Charles Hoskinson said that we are now in a new crypto winter (downturn) which will take months to find its bottom According to Charles Hoskinson, a new crypto winter has arrived, and the market is &#8220;in the frightening bleeding in the street phase.&#8221; Meanwhile, according to German economist Holger Zschaepitz, the present Bitcoin [&hellip;]<\/p>\n","protected":false},"author":29,"featured_media":22100,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[75],"tags":[5574,6765],"class_list":["post-26718","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cardano","tag-cardano-2","tag-crypto-winter-2"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/03\/Cardano-Founder-Discusses-Bitcoin-and-Web3-at-Binance-Blockchain-Week.jpeg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/26718","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/29"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=26718"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/26718\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/22100"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=26718"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=26718"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=26718"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}