The 'crypto party' comes to an end

 Cryptocurrency prices keep hitting bottoms, widespread layoffs indicate that the crypto craze is ending










According to analysts, the cryptocurrency market is in common with the dot-com bubble. It is initiated by speculators and does not respect the law of risk.

Cryptocurrency exchanges are losing users. Many startups are laying off workers and contemplating restructuring. The crypto world is no stranger to the so-called "winter", but many investors see this fall coming too quickly and having a deeper impact.

"Unquestionably, this is a disaster. It's terrible. But with that, opportunities also arise," Changpeng Zhao (CZ), CEO of Binance, told Fortune and forecast even "winter" can last up to four years.

When the "winter" is over, many products, many crypto companies may disappear. "Like stocks, crypto investors are geniuses when the market is hot. Now that things are on the decline, companies that can't sustain themselves with their own money will easily disappear," Mark Cuban, who became a billionaire during the dot-com boom and is a well-known figure in the cryptocurrency market, said.
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