Many companies weren't expecting the crypto downturn to happen this rapidly. Now, insiders are bracing for more than a year of doldrums.
wrote on Twitter on Tuesday that “this is likely just the first round of layoffs, and a harbinger of many more to come throughout the crypto ecosystem and beyond.”
Moya predicts that hiring freezes will set in, and that venture capital money flowing into the space will slow. “There’s this fear that crypto’s growth will be a slow grind and not some of the rapid appreciation we’ve seen recently,” he says.While the short-term forecast for crypto looks bleak, experts believe it would be a mistake to count crypto out entirely. For one, there’s still an immense amount of money circulating.
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