Opinion: This round of the crypto bear market was not caused by a single factor; instead, a combination of 15 major factors collectively drove the market downturn.

BlockBeats News, February 7 — Argentine renowned economist and veteran crypto trader Alex Krüger posted on social media that this round of the crypto bear market was not caused by a single factor. He summarized 15 major factors driving the market downturn, mainly including: “1011” major liquidations, cold stock performance of treasury companies, quantum threats, AI substitution effects (capital, talent, and mining companies shifting to AI), Trump political risks, lack of innovation in the crypto industry, excessive new token supply, and Woz being nominated as the new Federal Reserve Chair.

The above views received support from Nic Carter, the father of smart contracts and co-founder of Castle Island Ventures. Nic Carter believes that this crypto downturn should not be attributed to a single event, and many of the issues among the 15 factors are quite complex.