According to Mars Finance, on November 14th, Haseeb, a partner at Dragonfly, posted that the current bear market is "the easiest I've ever seen. In 2022, Luna crashed, then 3AC, then FTX, then Genesis, BlockFi, Axie, NFTs—almost everything was teetering on the brink of collapse like a house of cards. Then, after all that collapsed, banks went bankrupt, stablecoins went off-peg, and Gary Gensler and the president tried to destroy almost every company in the industry—I'm really not sure how many of those things survived. By comparison? This is a piece of cake. Prices are down, yeah, so what. The fundamentals are great. Cryptocurrencies are working well. So relax, we'll be fine."
Dragonfly Partner Haseeb: Compared to previous bear markets, this one is the easiest.
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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