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Crypto Winter No Longer Has Big Impact on Long-Term Industry Growth, EY Executive Says – Markets and Prices Bitcoin News

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EY's executive says crypto prices' ups and downs don't have that big of an impact on the long-term growth of the industry. cryptocurrency ethereum

Crypto Winter No Longer Has Big Impact on Long-Term Industry Growth, EY Executive Says

He was asked whether he expects the current crypto winter to be over soon. “This is a much milder crypto winter than the last one,” he replied. “One of the major features of this winter is that there is a decoupling going on between the price of crypto assets and product and engineering development work that is going on in the crypto industry.” The EY executive opined:

He added that the Ethereum ecosystem is now much more focused on application development, non-fungible tokens , and decentralized autonomous organizations .

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