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Bloomberg Odd Lots co-host Joe Weisenthal expanded his bearish case for crypto on Tuesday, adding two new reasons to the ten he outlined in February for why this is the worst crypto winter ever.
The Original 10 Reasons Still Stand
Weisenthal’s full list covers every structural headwind crypto faces right now:
- Crypto is falling while dollar anxiety is rising.
- The industry is too mature to argue adoption is still early.
- Crypto Twitter is essentially dead.
- Institutional adoption already happened, removing future tailwinds.
- Regulation is already as friendly as it gets, leaving no policy catalysts ahead.
- AI data centers are competing with miners for electricity.
- Crypto faces reputational damage from its presence in the Epstein files.
- Quantum computing raises long-term questions about Bitcoin‘s (CRYPTO: BTC) security model.
- Strategy and other corporate Bitcoin holders have started selling …
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