Bloomberg Law
June 17, 2022, 6:00 PM

‘There’s So Much Fear:' Crypto Winter Descends on Traders

Charlie Wells
Charlie Wells
Bloomberg Editorial
Misyrlena Egkolfopoulou
Misyrlena Egkolfopoulou
Bloomberg News
Claire Ballentine
Claire Ballentine
Bloomberg News

The “fear of missing out” that characterized so much of the investing landscape over the past two years is disintegrating into another, much simpler emotion: fear itself.

For Nikole Vicente, that meant watching her crypto portfolio plunge about 50% since November, wiping away $30,000.

The 30-year-old Canadian had been investing in crypto on the side, but when the wellness company where she worked was sold in February she decided to take the opportunity to move exclusively into crypto. She moved to Mexico using her earnings, which came primarily from theDeFi space and alt coins.

Now, she’s pivoted to helping people market their crypto ...