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Crypto winter or is it still summer? Here's what this writer has to say about cryptocurrencies

Teh Weiyang
Teh Weiyang • 9 min read
Crypto winter or is it still summer? Here's what this writer has to say about cryptocurrencies
This writer is a tad sceptical when it comes to the value of cryptocurrencies like Bitcoin (pictured). Photo: Bloomberg
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A lot has been written about the current crypto winter, where billions, if not trillions of dollars in the value of cryptocurrencies, were wiped off in the space of a few months.

The chill is certainly felt by those who bought into cryptocurrencies at the peak of the market or at any price above US$20,000 ($28,374.20) for Bitcoin, the world’s largest cryptocurrency by market capitalisation.

At this point, you may be wondering if the recent price declines may be the right time to enter the crypto market and make a killing when the wintry season finally ends.

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