Bloomberg Odd Lots Host Joe Weisenthal Says Crypto May Be Facing Its “Coldest Winter Ever”

Bloomberg Odd Lots host Joe Weisenthal said in a recent newsletter that the crypto market could be entering what he described as its “coldest crypto winter ever,” citing a widening set of pressures on the industry.

He explained that this outlook is driven in part by fading confidence that crypto is still in its early growth stage, alongside the reality that much of the impact of institutional adoption and regulatory progress may already be reflected in prices. At the same time, he noted that investor attention is increasingly shifting toward artificial intelligence and major technology stocks, which are absorbing both capital and market focus.

Adding to these concerns, he pointed to growing discussion of potential quantum security risks for Bitcoin, as well as a possible change in strategy among digital asset treasury firms such as Strategy, which may move from accumulating crypto to reducing holdings.

He also highlighted that strong rallies in AI and tech equities could be pulling investment away from crypto, with some of the largest gains in digital assets potentially already behind us.

Source: Joe Weisenthal