Crypto▲ Bullish
John Nahas: Crypto in ‘Pubescent Teenage Phase,’ Bullish Long-Term
Ava Labs exec John Nahas says crypto is in a 'pubescent teenage phase' but he's never been more bullish. Bitcoin climbs above $77k as Avalanche pivots to enterprise.
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John Nahas, chief business officer at Ava Labs, told the Wyoming Blockchain Symposium 2026 that he has never been more bullish on crypto despite the current bearish phase. He called the market a “pubescent teenage phase” full of acne and uncertainty.
“We’re full of acne and we don’t know what we’re doing,” Nahas said. The metaphor was not pessimistic. He said he had never seen so many opportunities in the sector nor such a promising influx of talent.
Bitcoin traded above $77,000, up more than 8% over the past 24 hours. Ethereum changed hands above $2,400, a 6% gain. The price recovery comes as Nahas outlined a different path for Avalanche.