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cryptoJun 3, 2026, 1:56 PM

Bloomberg Odd Lords: Current Crypto Winter Will Be 'Coldest' Ever

Bloomberg Odd Lots podcast hosts Joe Weisenthal and Tracy Alloway say the digital asset industry is facing its worst downturn due to a systemic crisis of faith, not just falling prices. They warn this crypto winter will be the 'coldest' in history.

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Bloomberg's Odd Lots podcast hosts Joe Weisenthal and Tracy Alloway have described the current state of the digital asset industry as the most severe downturn by a combination of factors. In a recent episode, they characterized the period not merely as a price decline but as a 'loss of faith' and a systemic crisis of ideas.

Weisenthal noted that while Bitcoin has experienced deeper drawdowns in the past, the current environment is marked by market participants' demoralization. The experts stated that the ongoing crypto winter will become the 'coldest' in history.

Key reasons cited for the negative dynamics include:

  • Collapse of defensive narratives
  • Competition from artificial intelligence
  • Problems with institutional adoption
  • Technological risks

Source: ForkLog