Looking beyond the Crypto Winter

Cryptocurrencies came to life in 2009, with the birth of the Bitcoin, and their existence since has been a rollercoaster. Their price and number began to snowball - around 20,ooo cryptocurrencies are now estimated to be in existence, before a first asset bubble caused a crash in 2018. In 2020 came the next boom and at their peak in November 2021 the price of bitcoin was $67,500. But one year on – with rising inflation and turmoil in financial markets and also long-standing weaknesses of the sector such as fraudulent practices and inadequate governance strategies - a new crash has seen the price of bitcoin hovering at $16,500. Experts are calling this the next “Crypto Winter”.