Dragonfly partner: The current bear market is a "piece of cake" compared to 2022
ChainCatcher news, Dragonfly managing partner Haseeb posted on X, saying that the current bear market might be the "easiest" bear market ever. Many people seem to have forgotten what 2022 was like: Luna collapsed, then 3AC, then FTX, followed by Genesis, BlockFi, Axie, NFTs—almost everything was teetering like a house of cards. Then, after all these things crashed, banks failed, stablecoins depegged, and Gary Gensler tried to destroy nearly every company in the industry. In comparison, the current market conditions are a "piece of cake" compared to 2022. Although prices have fallen, the fundamentals remain very strong.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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