Crypto Leaders Say Market Winter Has Ended, With One Citing Earlier Turn
Bitwise CEO Hunter Horsley and MetaMask CEO Joseph Lubin both said the crypto winter has ended. Speaking at TOKEN2049, Horsley attributed the shift to sellers leaving the market and improving fundamentals. Lubin, an Ethereum co-founder, said the recovery actually began some time ago.
At TOKEN2049, two crypto industry chief executives offered a shared assessment: the market’s downturn has passed. Bitwise’s Hunter Horsley linked the change to sellers exiting and fundamentals strengthening, while MetaMask’s Joseph Lubin, an Ethereum co-founder, said the rebound had already started before those remarks. Their comments place the question of crypto market cycles—how downturns end and recoveries are recognized—at the center of an industry gathering. The statements reflect sentiment among some sector leaders, though they do not by themselves establish a broader market turn.
If industry leaders are right that the downturn has ended, retail investors, crypto businesses, and workers tied to digital assets could see renewed confidence and activity. That may affect hiring, investment, and product development, while also drawing more public attention to crypto risks. For consumers, any recovery could mean greater exposure to volatile markets and persuasive marketing. Policymakers and financial institutions may face renewed questions about oversight, but the executives’ remarks alone do not guarantee lasting change.