Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH) are rebounding from one of the industry’s deepest downturns, but StarkWare co-founder and Zcash creator Eli Ben-Sasson says crypto still faces an existential question.
“Worst Crypto Winter”
In a series of posts on X and a recent Privacy Podcast appearance, Ben-Sasson described the current downturn as “the worst crypto winter” he has witnessed since entering the industry in 2013.
Over the past month, BTC and ETH have eroded more than 16% amid geopolitical uncertainty and capital rotation into AI-focussed companies.
Despite improving prices and growing institutional interest, he argued that crypto remains in the middle of an identity crisis.
Ben-Sasson attributed the recent market recovery primarily to macroeconomic developments rather than industry-specific catalysts.
“Crypto will be the …
