Crypto Bull Reveals Reasons To Remain Bullish In “Warm Crypto Winter”

Crypto Bull Edith Yeung Reveals Why She Is Still Bullish

In an interview with CNB, Edith Yeung, a general partner at Race Capital, said that we are in crypto winter but it’s a “warm winter.”

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Yeung believes this “warm winter” is going to push out everybody who wants to be there for short-term gain.

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Yeung further stated that she continues to remain bullish in the long term because “crypto is really about Web3.”

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The venture capitalist also commented on the decentralized nature of cryptocurrencies.

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“The ownership of ethereum or solana is really the user owning that piece of token, which is only a piece of that internet,” Edith noted.

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The “warm winter” nearly drained $2 trillion from the entire crypto market.

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Earlier, Coinbase CEO Brian Armstrong predicted the crypto winter might last for another 12-18 months.

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