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How to bear the bear market: Web3 tips

Published 11/13/2023, 08:00 AM
Updated 11/13/2023, 09:40 AM

In the last bear market, crypto was still in the discovery phase as users were wondering whether blockchain assets are a legitimate long-term trend or just a fad that should’ve been sold at the top. This time, the top industry players, including Microsoft (NASDAQ:MSFT), Google (NASDAQ:GOOGL) and Reddit, are moving into Web3 products, and top banks such as JP Morgan and Franklin Templeton are testing the waters by settling transactions on-chain.

Bear markets also bring uncertainty to builders. VC investment into Web3 startups has fallen to its lowest since 2020. VCs that were deploying rapidly in the bull market take more time to evaluate projects and weigh valuations before investing. However, bear markets come with an upside. They wash out the short-term arbitrageurs focused on money grabs and take crypto back to its roots — building a decentralized, secure and equitable future.

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