Last week, big point prices dropped to around $35,000 and that is 50% drop from its record high of 16 $9000 that it touched in November 2021.Crypto winter trended again and sent chills down the backs of investors.But what is it? What is Crip the winter? So in crypto prices drop without any recovery in sight for over a long period, it is called a trip to winter.But while people calling it Crypto Winter because of the graph that we are going to show you, we’ll have a brief look at how top crypto was fared in the last week.And there you see a lot of red.You have Bitcoin Serie, um Katano, Solana in Red and Death Her was up by only 0.1%.But what has been the effect of this recent slum? It caused the failure of multiple I CEOs, which is initial coin offerings.Second, it led big banks and companies to shelve or delay their trip to plans, and many were reminded of the late 2017 to early 2018 crypt, a winter when the price of the Bitcoin fell by 80% to a low of $3100.
Let’s also get experts opinion on this we have with us Ross Nath Balci blocks in architect at the high fire Blockchain Ajit Khurana, Crypto expert founder Genesis Network A very warm welcome to both the few of to Mr Nepal First should be get our crypto winter coats out.Are we encrypt a winker? Yes.And as winter every year it comes.So even last year, we had tripped over in turn out This year we are having every.And yes, this year’s vendor is currently or okay And Mr Khurana, what do you think? Are we in middle of crypto winter? So we are being threatened with her And frankly, unlike the complex area and matrix of you know, factories is caused that in the past right now, being primarily driven by the action of the Federal Reserve.So that know, depending upon of course, a lot of experts are also pointing out the core relation of Cryptocurrency with stock markets or Laurel markets internationally have crashed or seeing a slam.Mr Knock, will you think that is to be blamed? No, to be very honest.I think crypto is too immature to really look at such serious uses.
I think it is basically the profit taking by the winds.So in the boom period they have made shoes profits.Now they need to actually booked them.Otherwise it’s only on paper and now that the profits are being booked, they are seeing this downturn.And very soon we’re going to start saying I don’t think it’s got anything to do with very serious issues like what happening in the okay.
And as you said, it’s relatively new.But do think as more players are entering, this is decreased, the volatility in coming years.I think it will increase the volatility.Okay, is going to do well as long as there is volatility because that’s when you have a chance to make big money.
And of course, there is also the risk of losing big money.But I don’t think volatilities Mr Karan, do you agree with this? Very interestingly, I agree with the lawn of things that Rohan said in general, but today we you are picking on all the things where Maya feed it is different.I believe that when the proportion of new people entering the space.Let’s see people who have done crypto for the first time in the last 12 months becomes a much smaller fraction of the total number of people in crypto, which, for example, has happened in stock markets, etcetera.The volatility will decrease because the emotional reactions, while they will always be there, will be reduced.Also, you are of the different opinion then and is it safe to call crypto and inflation head, Mr Khurana? Seeing the trend at this point of time, it’s inherent characteristics do look like it could end up being an inflation has, especially instead of saying crypto if I were to Bitcoin.Because all of the different characteristics however the market experienced so far has not shown so primarily because while there are inherent things which are different between stock, currency and Cryptocurrency, the fact is that one of the biggest drivers of price movement is the liquidity in the market.
And as long as that becomes the primary driver, you know, it may not start becoming the trip to head, so I hope it will in the future, Okay, But Mr Far as you said, there isn’t any direct relationship with the stock market.But lot of experts internationally believed that you know the U.S.Federal Reserve’s monetary tightening or regulation part of fate or the likely interest rate hike is leading to this slum that we are seeing.
Do you agree with that? At least you know, you look at a simple example, like a MIM coin like coach coin.Do you really think the people who are manipulating a roach coin price are going to get impacted by the Fed or interest rates? Know that so much of speculation that happens in the crypto market that it’s basically the movement by the veils, which actually influences security and stock market on the other.And because it has been there for such a long time, it’s a lot more mature.And, yes, solid logic can impacted.But I think in crypto it’s all about Vail move.But Rossa, I think Bitcoin has been there from for a long time, and then there’s s as well, so still very short time security market has been there for more than a century script to itself.
Bitcoin was born barely 10 years ago, and the real magic of trading started of in somewhere 2017.So we are barely of 44 year old industry.So no, I don’t think we have so much logic in grip to so So you’re in middle of crypto winter.But there is no Isis coming, right? I don’t think so.I won’t back soon.Award.You think, Mr Harada a wean into a deeper troubles, Even if it is a deeper trouble.
It is not an I said because I said would mean, like, you know, death and destruction.How long the winter last is not perfectly seasonal, but no are just to give you an example.I have not sold.So that obviously tells you that I do not think that this is like an irreversible or make kind of.Okay.
Thank you so very much.Both a few.
