Whatever the closing consequence, each bear cycle in crypto has skilled such conundrums, and got here out stronger, Xu stated. “Having been on this trade for so long as I’ve, this information doesn’t shock me to the purpose the place we’ve change into numb to the consequences. It’s to be anticipated,” he stated, including that this received’t imply the top of crypto banking; fairly, establishments that don’t adapt to new expertise will probably be left behind.
