Gate News reports that on March 8, Mysten Labs CEO Evan Sui stated in a recent interview that he does not agree with the notion that “bear markets are good, just keep building.” He pointed out that during downturns, many people lose their savings, cash flow is disrupted, and even some strong teams may not be able to survive, which truly harms many individuals. Evan Sui believes that bear markets are neither “great” nor worth celebrating or boasting about. Market volatility is not just about “cleansing the market,” but it also scares away builders and users, leading to a smaller talent pool and slower adoption. He said that while a bear market might help some teams focus more, framing it as beneficial for everyone ignores the real costs and can harm the long-term development of the crypto industry.
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