Crypto Winter

What is happening? Coinbase is shrinking its size (AKA laying off 18% of its staff) because of the crypto winter, it’s like the Game of Thrones- Winter is Coming.

Why is this important? Crypto Winter, is not Game of Thrones, there are no night walkers just an economic time period when price is “contract[ing] and remain[s] low for an extended period.”

How will this be important? Bit coin this year has lost more than half of its value.

NPR | Coinbase lays off 18% of its workforce. The CEO cites an upcoming crypto winter