Michael Saylor confirmed that the cryptocurrency market is currently in a crypto winter, describing it as milder and shorter than previous cycles.
Since February 1, Bitcoin and major altcoins have declined, with BTC trading around $68,000 and ETH near $1,980 as of today.
Strategy Executive Chairman Michael Saylor has said the cryptocurrency market is in a “crypto winter,” acknowledging the sustained downturn after earlier statements that such a phase would not return. In a Tuesday interview on Fox Business, Saylor described the current market drawdown as a significant correction, marking what he called the fifth major drawdown for Bitcoin since he entered the space. He characterised this cycle as “milder” and potentially shorter than the downturns seen in past cycles, citing institutional interest and policy support.
“We are in a crypto winter” — Michael Saylor, during his interview on Fox Business
He added that this downturn is “much milder” and
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