Crypto Winter to Continue Until at Least 2024: Lightspark CEO

• David Marcus, CEO of crypto firm Lightspark, believes that the crypto winter will not end until 2024.
• He believes that the consequences of the actions of „unscrupulous players“ will continue to impact the crypto industry beyond 2023.
• Marcus believes that once the crypto market recovers, a stronger and more robust industry will emerge.

David Marcus, the founder and CEO of crypto firm Lightspark, recently shared his outlook for the coming years regarding the crypto winter. He believes that the industry will not be able to recover from the consequences of the actions of „unscrupulous players“ until at least 2024. Despite Bitcoin [BTC] trading at more than $16,500 at press time, avoiding major volatility as 2022 drew to a close, Marcus believes that the crypto winter will not be over for at least two more years.

In a tweet on 30 December, Marcus stated that the crypto winter would not be ending any time soon. He mentioned that the specter of the FTX debacle, which occurred nearly two months prior, would continue to haunt the crypto industry well beyond 2023. He noted that the actions of „unscrupulous players“ would drag out market underperformance even beyond next year. Marcus summarized his thoughts, saying „We won’t exit this ‚crypto winter‘ in 2023, and probably not in 2024 either.“

This has caused many to re-evaluate their expectations for the upcoming halving cycle in 2024. This is a regular event that Bitcoin goes through every four years and is usually followed by a period of bullish price action. Some have predicted that the uptrend will begin a year earlier, in the second quarter of 2023, however Marcus believes that this may not be the case.

Despite this, Marcus remained optimistic about the future of the crypto market. He believes that once the market does eventually recover, it will bring with it a new and stronger industry. He emphasized the potential of the Bitcoin Lightning Network, which he believes will show promise as the world moves closer to a digital economy.

Overall, Marcus remains hopeful for the future of the crypto market. He believes that the crypto winter will eventually come to an end, and when it does, it will bring with it a more robust and resilient industry.