How is a bear market good for crypto in general?
Cryptocurrency markets
1 Discussion
People in the crypto industry emphasize that bear markets are good for Bitcoin and the crypto business because they remove speculators and scammers while creating space for real and excellent goods and services to be built. Builders encounter fewer distractions, and phony 'project entrepreneurs' eager for rapid VC funding and naive retail exit liquidity vanish as quickly as they emerged. When all the nonsense is washed away, it’s a time of rejoicing. In short, a bear market clears the market of leverage, frauds, and dishonest institutions