Federal Reserve Governor Christopher Waller recently weighed in on the latest downturns in the cryptocurrency market, noting that sharp declines are not unusual in this space. According to him, volatility has always been part of crypto’s story, and sudden pullbacks or even major crashes shouldn’t come as a shock to long-time observers.
Waller pointed out that dramatic price swings have occurred many times before, often followed by periods of recovery. From his perspective, these cycles are a defining feature of digital assets rather than a sign that the market is fundamentally broken. Investors, he suggested, should view downturns within the broader historical context of crypto’s ups and downs.
Reflecting on how perceptions have changed, Waller recalled a time when Bitcoin reaching $10,000 seemed almost unbelievable. Back then, such a price level would have sounded extreme to most people, highlighting just how far the market has come in a relatively short period.
His remarks serve as a reminder that while crypto markets can be turbulent, today’s price movements may look less extraordinary when compared to earlier milestones. As digital assets continue to evolve, Waller’s comments underline the idea that volatility, both positive and negative, remains a normal part of the journey.
