This "Crypto Winter" Will End - Here's How I Know... and How You Can Profit on It

There's no denying that we've slipped into a crypto winter - a period of depressed prices marked by bouts of heavy selling - but that doesn't mean crypto is "dead" or that investors should panic.

It's been a rough tumble from last November's highs. Bitcoin is down more than 70% (74% its most recent low); Ethereum is down about 78%. Other top cryptos like Cardano, Solana, and Polkadot are all down at least 85%.

And the pain has gone beyond plunging prices.

The collapse of the TerraLuna ecosystem in May caused $68 billion of losses. The ripple effects from that debacle soon snared crypto lender Celsius, which had a lot of exposure to TerraLuna. Celsius froze withdrawals for its 1.7 million customers - trapping some $8 billion worth of deposits.

Finally, the sharp drop in prices has forced several overextended crypto exchanges to lay off employees. Coinbase cut 1,100 people (18% of its workforce), Gemini cut 1,000 (10% of its workforce), Crypto.com cut 260 (5% of its workforce), and BlockFi cut 170 people (20% of its workforce).

But don't let all this get to you. Don't panic sell your crypto - you only lock in losses that way. Stay patient. Believe me, the market will eventually bounce back.

Those of you who've been following me a while already know the evidence for this claim: crypto adoption is surging, and there's been a huge, coordinated effort by Wall Street and the fintech sector to incorporate blockchain tech into their business models.

But that's the "how" of it. Today, I want to talk about the "why" of it - specifically, why "crypto winter" is necessary to get where we need to be, and what good things happen during slumps like the one we're in now.