2022-23 downturn will end in a recovery rooted in real growth, centered on Cosmos
Akash Weekly Spaces - June 29th (Akash Network)
“I think we’re going to see a similar pattern in 2022 and 2023: I think we’re going to see a year-long crisis and then it’s going to be an upturn, and I think that will be rooted in real growth… last time it was about product-market fit, this time it’s going to be about growth and people using real products.” — 00:15:04
Context: Comparing to the 2018 peak-to-trough and 2019 DeFi-led recovery; he adds “Ethereum and none of the actual shared-state chains can deliver that level of user experience — that’s why I’m extremely bullish on the Cosmos model, the sovereign model” [00:15:47].