Former JP Morgan Chase Trader: There is no evidence that the encryption winter is over

Tone Vays, a former JP Morgan Chase trader and blockchain researcher, said in an interview on June 10 that he doubted the fact that the encryption winter had ended. Vays revealed that he did not believe in the recent rebound in the encryption market because he did not observe "too much external funds entering the field." Vays believes that the recent reversal of the long-term bear market is supported by internal capital. If internal capital “fears again”, the price of cryptocurrency will fall rapidly. However, Vays still believes that "everyone should have some bitcoin."