The bear market is a build market — next bull will be a different world
WCEF 2022: Infrastructure for the New Internet - Web3 (World Crypto Economic Forum (WCEF))
“I think the next one to two years of a bear market is going to be tremendous progress with a lot of these problems, and that’s going to be exciting. I mean, we see the next bull cycle is just going to be a whole different mode when you see all these problems solved.” — 00:25:03
Context: He later calls it “a build market, I call it, not a bear market”; says VC drying up makes people resourceful, and post-Terra “nobody has money, people can actually start focusing on building.”