Why Some Crypto Execs Think the Bear Market Is a Good Thing | CoinMarketCap

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The end of speculation can ensure crypto firms with good business models survive — and help the industry become more sustainable 👀

Speaking at the Bloomberg Technology Summit in London, Atomico partner Irina Haivas said the collapse in prices had weeded out "tourists."

Another panelist, Revolut's Edward Cooper, said the bear market has also taken care of crypto companies that emerged without a viable business model. He added:And while trading volumes and user registrations have taken a tumble, Cooper revealed that Revolut's sign-ups remain far higher than before the 2020 bull run began.

During a different interview with CNBC, the founder of Citadel Securities, Ken Griffin, had another perspective on the plunging value of cryptocurrencies, meme stocks and NFTs."Money misallocated in speculative assets doesn't create jobs in the long run, doesn't help to create the long-term prosperity that makes America the country that it is."

 

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The dramatic crash in the Crypto markets is an AWESOME thing! Helps clean out the scammers and smaller alt coins that aren't really going to do anything. Gives the poorer investors a chance to do something good with their lives. Keeps people on their toes. -Remain calm and HODL.

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mahsaamini

At that point I think that I want BTC going to 10K more than to 100K so, I could spend my USDT on the dips.

Nothing is good about what has happened. It’s clear that crypto prices rose because of greed and the excess supply of fiat. Once the faucet was shut off, crypto came crashing down. There is currently 0 utility in holding crypto other than waiting for a greater fool to buy.

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The bear market needs the energy of the rabbit! ! Bears can never catch up with rabbits!

Everyone failed to reach parity against the dollar, which means that the US central bank is going ahead with raising interest rates in the future

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Opportunities galore!

I'm just waiting for this bear market to end by buying USDT. I'm not scared at all

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Faith only 🙄🤔

It's good to see a good project and buy it in cheap price

Ain’t worried . cultdao will survive

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Nice! I have been copying signals from ChiefraFba and have a 92% win rate

I think it's the best time to buy more and invest in better projects.

I totally agree with them. This is a great opportunity to spend usdt to buy cheap promising projects

Ofcourse its a good thing so we can buy it for very cheap and HODL for long term and make good money !

Please update the supply data on LUNC

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EPX 132 B 60 B

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Why is everyonee silent about this?

Good thing is that it's already crashed...further crash only means it can't be as bad as the first one

Yes to 11k

It’s good thing. This will be give space for new ideas and projects. Detox for crypto space 😈

SAFEMOON

How is it a good thing to watch your portfolio meltdown?

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I think it might be possible next year

Hmm the bear market is not attractive to crypto tourist

Yeah, you are right, if it's utilizes well, bear market is a wonderful opportunity to buy at dip and enjoy a good profit. I think employing DCA to add more $DC to our bags is gonna be so rewarding. That's why I'm excited when I discovered that $DC is available on MEXCGLOBAL.

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Acceptance...

Exactly, cz_binance is making sure binance ain't swimming naked in this tide.

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Lol, I only listen to ChiefraFba for signals and analysis

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