Nassim Taleb: Cryptocurrency winter could destroy most cryptocurrencies

The author of the bestselling book Black Swan suggested that the crisis in the crypto market could last forever. The economist believes that the word «crypto winter» misleads traders.

Nassim Taleb shared his thoughts on Twitter about the current state of the market, which many industry participants call «crypto winter.» Usually, when people talk about winter, they mean a short season followed by another, warmer time of year. However, in the cryptocurrency industry, this expression takes on a completely different meaning," Taleb said.

«The current crisis may drag on, and then become an 'ice age' for the cryptocurrency market. This could lead to the extinction of many organizations related to the cryptocurrency space, the trader is sure.

Earlier, Taleb predicted the collapse of the NFT token market.