
cygaar|Apr 07, 2025 13:43
Some (delusional) hopium on the crypto market:
When we crashed in 2022 from FTX, I was genuinely concerned for the future of the industry. That was very much a self-induced catastrophe from one of the trusted voices of crypto (to the outside world).
I wasn't sure if people outside of our bubble would ever want to touch crypto again. Lots of retail users lost money and overall trust/faith in crypto was at an all time low.
Fast forward to the past few days, obviously crypto prices have taken a huge beating similar to 2022. However, one silver lining this time around is that it wasn't due to some systemic risk within the crypto space itself - all risk assets are down tremendously. It's not our fault this time lol.
Another silver lining is that we're in the friendliest regulatory environment that crypto has ever seen (across the board). Combined with the massive improvements in infra from the last few years, and we've got ourselves the best possible setup for crypto innovation. We've gotten to the point where crypto has widely been accepted by retail/institutions as a core part of the financial system.
As a builder, this is probably the best possible time to buckle down and start building. Very few distractions, less competition, and less regulatory hurdles to get through. There is going to be a lot of pain in the short/medium term, so it's important to survive. I genuinely believe there will be much better days ahead if we can get through the next several months.
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