In the video, the speaker discusses the current state of the crypto market, warning that a “crypto winter” may be approaching. This term is used to describe a period of decreased value and uncertainty in the cryptocurrency market, which can be particularly concerning for Bitcoin investors. James Malcolm, head of foreign-exchange research at UBS, compares the situation to the crypto winter of 2018. Despite this, Anthony Trenchev, co-founder of nexo Bitcoins, believes that Bitcoin’s new floor is $30,000, representing a 50% increase from previous levels. Although some old supports have been destroyed, investment in the crypto sphere remains strong for now. The video also offers a free ebook on cryptocurrency for those looking to get started in the market.
