Hashed Partner: This current bear market has not seen significant fear, and the cryptocurrency fundamentals have irreversibly turned for the better.

BlockBeats News, November 18th, Hashed CEO and Managing Partner Simon Kim stated on social media:

「To be frank, as someone who has traversed all bull and bear markets in the crypto space since 2015, this is the first time I have not felt substantial fear in a bear market. Asset shrinkage is still painful — the fate of all bear markets — but this time is fundamentally different.

Every past bear market has been accompanied by existential anxiety, fearing the complete demise of this technology and market. The threats back then were palpable: governments could collectively ban crypto assets, or a new ledger technology could disrupt blockchain. However, regardless of daily price fluctuations, this bear market no longer has these fundamental concerns.

Global regulation is evolving to foster industry growth rather than suppress it, with more and more institutional investors recognizing the value of such assets. The Harvard endowment fund listing IBIT as a top holding is highly symbolic, and stablecoin metrics hit record highs monthly. By 2030, the stablecoin issuance will grow tens of times larger than it is now, and billions of people globally will interact with digital assets through everyday fintech and large tech applications (rather than trading platforms).

Everything is becoming tokenized, and the prosperity of on-chain ecosystems is now a foregone conclusion. Cyclical volatility is temporary, but the fundamentals are irreversibly advancing. Let us remain patient and wait a little longer; the moment when prices catch up to the fundamentals is not far off.」