ICYMI: transitory cryptowinter may degrade into a full-blown 'ice age,' says Nassim Nicholas Taleb Bitcoin $BTC BTC
,"Black Swan" author Nassim Nicholas Taleb has criticized the oft-repeated term"crypto winter," which is used to describe a period when cryptocurrency prices remain low for an extended period of time.
The notion of seasonality, which implies that the current bear market will be followed by another crypto spring, is flawed, according to Taleb. The esteemed mathematician believes that the transitory crypto winter may degrade into a full-blown"ice age," referring to the period in history when glaciers covered large parts of the planet for roughly 11,500 years.The term gained wide popularity in the media in 2018, the year the Bitcoin price collapsed by more than 80% within 12 months. The brutal crypto winter came after the historic bull market of 2017 that pushed crypto into the mainstream for the first time.
Fast forward to 2022, and all of the signs of your typical crypto winter are already there. As reported by U.Today, some major names, such as Terra and
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Converse and Barriers Release First Collaboration Capsule Honoring Black HeroesThe brand teamed with Converse to release a capsule collection that continues to celebrate and share stories and details of the African diaspora.
Read more »
Review | ‘The Black Phone’ is a ghost story with one great twistEthan Hawke plays a serial kidnapper of young boys in this spooky ghost story with a twist.
Read more »
Black bear breaks into Wisconsin vacation home as family sleeps; video shows warden coax it outsideThe bear managed to punch through a kitchen window screen and eat some food before moseying over to the master bathroom.
Read more »
Chicago black belt takes down man who allegedly punched 7-Eleven clerkSEE THE VIDEO: A Chicago man with years of experience in self-defense took matters into his own hands when another man allegedly punched a 7-Eleven employee on the North Side.
Read more »
Black bear breaks into WI vacation home as IL family sleeps; video of removal goes viral'The bear was able to actually punch through the screen and came in, ate some food in the kitchen and then ended up working its way into the master bathroom.'
Read more »