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CZ explains why it's so important to be building during the bear market

Published 11/02/2022, 02:45 PM
Updated 11/02/2022, 04:20 PM
CZ explains why it's so important to be building during the bear market

CZ explains why it's so important to be building during the bear market

During a live panel at the Web Summit in Lisbon, Changpeng Zhao (colloquially styled as CZ), CEO of cryptocurrency exchange Binance, shared his viewpoint on why it's so important for crypto projects to continue their development in the bear market. As told by CZ:

"Now it's easy to hire people and grow," he said, while also pointing to the declines in project valuations: "A year ago, every project with a test product or six-page whitepapers was worth $100 million. Currently, the valuation is very reasonable."

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Latest comments

He’s right! Crypto projects have other uses too. So, why to stop if you are in the bear market? Anway, we can’t ignore the trust the market has established over the years.
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