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Forget a bitcoin winter — a crypto 'ice age' might be coming as the Fed ends the easy-money era

Added 01-22-22 04:14:02am EST - “Crypto prices have tumbled as bond yields have shot higher. Some investors think they might not recover for a long time.” - Markets.businessinsider.com

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Posted By TheNewsCommenter: From Markets.businessinsider.com: “Forget a bitcoin winter — a crypto 'ice age' might be coming as the Fed ends the easy-money era”. Below is an excerpt from the article.

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Things are getting cold in crypto-land. Bitcoin is down dramatically from its November peak of close to $69,000, falling to a six-month low below $38,000 Friday. Trading volumes have slumped.

Some investors are concerned that the market is going into a "crypto winter" — a period when prices fall sharply and fail to recover for more than a year — as the Federal Reserve abruptly tightens monetary policy.

But it could be worse than that. Crypto could in fact be heading for an "ice age," where prices stay low for years and many investors lose interest, Paul Jackson, Invesco's global head of asset allocation research, told Insider recently.

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