Crypto OGs love a 'crypto winter' because the fakers clear out and the builders keep building, a top Coinbase exec says
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Real crypto believers celebrate a «crypto winter» because it filters out the skeptics, according to top Coinbase executive Emilie Choi.
That's a period when digital assets linger at uncharacteristically low prices, coming after a recent bullish run higher.
«The OGs in the space absolutely love the winters. Like, Brian Armstrong loves a winter,» Choi told Bloomberg in an interview Wednesday, referring to the boss of crypto exchange Coinbase, where she is chief operating officer.
«And the reason that they love the winters is frankly the fakers get out of the space, the builders keep building. They can focus without all the crazy hype around the fakers,» she added.
Crypto investors shouldn't expect to score quick gains, but
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