Prominent economist Paul Krugman claimed the entire crypto market has entered an "endless winter" and will never recover again in an opinion published by the New York Times. He then doubled down on his theory citing the fact that his article attracted very little crypto bro outrage. 

In his article, Krugman noted that crypto supporters believe that blockchain, the technology that underpins almost all cryptocurrencies, is a groundbreaking breakthrough. In short, blockchain is a decentralized ledger, which means it is in the public domain, sustained by clever protocols that induce many people to maintain records on many servers.

"We are, many people say, going through a “crypto winter.” But that may understate the case. This is looking more and more like Fimbulwinter, the endless winter that, in Norse mythology, precedes the end of the world," he concluded.