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But we saved everything 🙂.
Jake Chervinsky draws parallels between the current crypto winter and previous downturns in the market. He observes that while each cycle differs in detail, there are consistent patterns: prices fall, market participants become subdued or upset, and successful projects from past cycles start to perform even better.
Chervinsky suggests that the period of greatest pessimism often marks a low point rather than an endpoint for crypto markets.
Chervinsky has previously commented on U.S. crypto regulation, noting when the CFTC and SEC released major rule updates on March 17, 2026 here. He also highlighted SEC and CFTC cooperation on Project Crypto as a boost for U.S. financial markets here. His recent observations on market cycles follow a series of regulatory developments in the sector.