\u201cI think if you look at the previous kind of cycles, the peak to trough duration is about 364 days. We are 85 days into that, but I think there\u2019s a lot of positive momentum that suggests that this might not be a crypto winter. It could just be a pullback. We\u2019ve already had 330% pullbacks this cycle right. We have the Fed is cutting rates. The past two winters have started with the Fed raising rates. We have no real black swan-esque events.\u201d<\/em><\/p>\nAccording to the analyst, the absence of an FTX-level catastrophic market event bodes well for crypto in its current downturn.<\/p>\n
\u201cIf you go back in the past couple of cycles you had the Mount Gox hack, you had FTX bankruptcy. We haven\u2019t really had anything. I would say, blowing up in the ecosystem so far to be that black swan event. And if you look at peak to trough pull down, I don\u2019t think we\u2019re going to have a 75% pullback, which is what the previous cycles have had. We have a ton of I would think, regulatory support. <\/em><\/p>\nPeople in government kind of supporting crypto not just in the US but across across the world. So I think if anything, if we are in winter more than half the pullback has probably happened.\u201d<\/em><\/p>\n