{"id":97902,"date":"2026-06-03T15:47:15","date_gmt":"2026-06-03T12:47:15","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=97902"},"modified":"2026-06-03T15:50:14","modified_gmt":"2026-06-03T12:50:14","slug":"bloomberg-predicts-harshest-crypto-winter-in-history","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/bloomberg-predicts-harshest-crypto-winter-in-history\/","title":{"rendered":"Bloomberg Predicts Harshest Crypto Winter in History"},"content":{"rendered":"<p>The digital asset industry is experiencing its most severe downturn due to a combination of factors. According to Joe Weisenthal and Tracy Alloway, hosts of Bloomberg&#8217;s <a href=\"https:\/\/www.bloomberg.com\/news\/newsletters\/2026-06-02\/12-reasons-this-is-the-worst-crypto-winter-ever\">Odd Lots<\/a> podcast, the current period is marked not just by falling prices but by a &#8220;loss of faith&#8221; and a systemic crisis of ideas.<\/p>\n<p>Weisenthal emphasized that while Bitcoin has seen deeper declines in its history, the current situation is distinguished by the demoralization of market participants. Key reasons identified by experts include:<\/p>\n<ul class=\"wp-block-list\">\n<li><strong>collapse of protective narratives:<\/strong> the first cryptocurrency failed to confirm its status as an inflation hedge \u2014 amid dollar instability, investors preferred gold;<\/li>\n<li><strong>competition with AI:<\/strong> the artificial intelligence sector has begun actively absorbing capital, engineering talent, and investor attention. Additionally, miners are forced to compete with AI data centers for electricity;<\/li>\n<li><strong>institutionalization issues:<\/strong> the launch of spot <a href=\"https:\/\/forklog.com\/en\/news\/what-is-a-cryptocurrency-etf\">ETFs<\/a> and mainstream adoption have deprived the market of the &#8220;early-stage&#8221; development argument. Meanwhile, Wall Street&#8217;s interest has shifted from trading activity to <a href=\"https:\/\/forklog.com\/en\/news\/what-are-stablecoins\">stablecoins<\/a> and <a href=\"https:\/\/forklog.com\/en\/news\/what-are-rwas-real-world-assets\">tokenization<\/a>;<\/li>\n<li><strong>technological risks:<\/strong> the hosts mentioned the threat from <a href=\"https:\/\/forklog.com\/en\/news\/what-are-quantum-computing-and-quantum-computers\">quantum computing<\/a> to cryptographic security and pressure from corporate holders who may begin selling off their reserves.<\/li>\n<\/ul>\n<p>The situation is exacerbated by an &#8220;identity crisis&#8221; amid the absence of new growth drivers. According to Weisenthal and Alloway, even the launch of powerful models like Claude 4.6 from Anthropic and GPT-5.3 from OpenAI is drawing attention away, leaving the crypto sphere in the shadow of technological progress.<\/p>\n<p>At the time of writing, Bitcoin is trading at $66,975, Ethereum at $1,874, and Solana at $74.97. Despite high levels relative to past cycles, experts insist that structurally this &#8220;cold&#8221; is the harshest in the industry&#8217;s history.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/img-f265bfd1b439e6ed-6092027506254088.webp\" alt=\"Screenshot 2026-06-03 150739\" class=\"wp-image-280966\"\/><figcaption class=\"wp-element-caption\">Source: <a href=\"https:\/\/www.coingecko.com\/\">CoinGecko<\/a>.<\/figcaption><\/figure>\n<p>Earlier, on June 2, the price of the first cryptocurrency <a href=\"https:\/\/forklog.com\/en\/news\/bitcoin-falls-below-70000-amid-geopolitical-tensions-and-strategys-btc-sale\">fell<\/a> below $70,000. The decline occurred amid escalating tensions between the US and Iran, as well as due to Strategy&#8217;s sale of part of its reserves.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>According to Joe Weisenthal and Tracy Alloway, hosts of Bloomberg&#8217;s Odd Lots podcast, the digital asset industry is experiencing its most severe downturn due to a combination of factors.<\/p>\n","protected":false},"author":1,"featured_media":97903,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"The digital asset industry faces its most severe downturn due to multiple factors.","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[18,1569,1269,1138],"class_list":["post-97902","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-bloomberg","tag-cryptocurrencies","tag-opinions"],"aioseo_notices":[],"amp_enabled":true,"views":"24","promo_type":"1","layout_type":"1","short_excerpt":"The digital asset industry faces its most severe downturn due to multiple factors.","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/97902","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=97902"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/97902\/revisions"}],"predecessor-version":[{"id":97904,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/97902\/revisions\/97904"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/97903"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=97902"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=97902"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=97902"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}