What’s Next for the Industry as ‘Crypto Winter’ Thaws?

It’s hard to tell who was the first to coin — if you’ll forgive the pun — the name for the dramatic price drop of Bitcoin (BTC) and altcoins as the “crypto winter.” But the name accurately captures the simultaneous collapse of around 2,000 global cryptocurrencies that lost a total of 80% of their aggregate market cap. 

The term “crypto winter” probably came into more widespread use after BTC’s price drifted south to around $3,000 per Bitcoin in December of 2018, it’s lowest price in more than a year.

For the crypto industry, 2018 was a year of changes due to price corrections — also referred to as the Bitcoin crash and the Great Crypto Crash. The crash caused widespread investor panic and proclamations from the mainstream media that the cryptocurrency “bubble” has ended. Meanwhile, long-time members of the crypto community were not bothered.

“I’ve been involved in this space since Bitcoin was less than $1 each, so I don’t pay any attention to the…