Hashed CEO: There is no need to fear this round of the crypto bear market, as the industry's fundamentals are undergoing irreversible positive improvement.
ChainCatcher News, Simon Kim, CEO of Korean crypto venture capital firm Hashed, stated in a post that since entering the crypto space in 2015, he has experienced multiple market cycles, but this is the first bear market that has not truly made him feel fear. Although seeing his own investment portfolio still stings due to the bear market, this cycle is fundamentally different from previous ones. In past bear markets, there was a pervasive existential fear that crypto technology and the market might disappear entirely, with real threats such as governments joining forces to ban crypto assets or new global ledger technologies replacing blockchain. However, at present, regardless of daily price fluctuations, such fundamental concerns have not emerged. Global regulation is gradually evolving with the aim of fostering development alongside the industry rather than suppressing it; more and more institutional investors are beginning to recognize the value of this asset class—for example, IBIT holds the largest position in Harvard University's endowment fund portfolio, which is highly symbolic; stablecoin metrics are hitting new highs every month, and it is expected that by 2030, their issuance will grow dozens of times from current levels.
Simon Kim also mentioned that in the future, billions of people worldwide will access digital assets through everyday fintech applications and large-scale tech apps, rather than relying on exchanges. Everything is being tokenized, and the prosperity of on-chain ecosystems is already a foregone conclusion. He emphasized that cycles are temporary, fundamentals are moving forward irreversibly, and called on everyone to remain patient—price rebounds and catching up with these fundamentals will not take too long.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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