Post #24359

Hashed CEO: “To be honest, having ridden every rollercoaster in crypto since 2015, this is the first bear market that doesn't genuinely scare me. Sure, looking at my portfolio still stings—that's the fate of any bear market. But this time is fundamentally different. In every previous bear market, there was an existential dread that this technology and market could completely disappear. The threat felt real—governments might unite to ban crypto assets entirely, or some new global ledger technology could emerge to replace blockchain altogether. But regardless of daily price swings, this bear market carries none of those fundamental concerns. Global regulation is evolving to foster growth alongside the industry rather than suppress it. More and more institutional investors are recognizing the value of this asset class. The fact that IBIT represents the largest position in Harvard's endowment portfolio is highly symbolic. Stablecoin metrics are breaking new records every month. By 2030, stablecoin issuance will have grown dozens of times from today's levels. Billions of people worldwide will gain exposure to digital assets not through exchanges, but through everyday fintech and big tech applications. Everything is being tokenized. The prosperity of the on-chain ecosystem is already predetermined. Cycles are temporary, but fundamentals are advancing irreversibly. Let's have patience and wait just a bit longer. It won't take long for prices to rebound and catch up with these fundamentals.” https://x.com/simonkim_nft/status/1990722605440250364