According to the CEO of blockchain company Tezos, the ongoing winter of cryptocurrency is expected to “get worse” unless the low-interest rate era of the past decade returns.

According to CNBC on the 2nd (local time), Kathleen Brateman, CEO of Tezos, made the remarks during an interview with CNBC at the Web Summit conference in Lisbon, Portugal.

He criticized that many cryptocurrency companies artificially inflated corporate values in the process of pursuing high profits by venture capitalists armed with cheap money.


Breitman cited data from Dunn Analytics as an example of Mr. Open, the NFT market, whose trading volume plunged from $2.9 billion in September 2021 to $300 million in a year.

“There was a lot of cheap money coming into the market, it soared in value, it moved busily to justify its value, and it disappeared easily. “All that remains is the community,” he said.

“These markets tend to peak and disappear a bit, but in the meantime, $13 billion has come and gone,” Breitman said.



Brightman also predicted negatively whether the cryptocurrency rally would resume if the U.S. Fed’s rate hike eased next year.

As low interest rates enjoyed over the past decade are not possible, the explanation is that there is no “cheap tactic” to catch users who “come and leave easily” as before.

“In the meantime, cryptocurrency has not been valued based on certain indicators, but we emphasized that cryptocurrency and its technology will be valued at least on a minimum basis, including real users.”

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