The crypto industry has plenty of time to nurture long-term sustainable projects as the next bull market is likely to happen no earlier than in 2024, according to industry execs.
“The winters are the time when a lot of those applications fall away and you can see which projects are actually long-term sustainable, like both in their models and in their teams and their people.”
The 28-year-old cryptocurrency billionaire pointed out that people who are “deep into crypto, and especially building things,” actually welcome a bear market. “They welcome the bear market because when there are these long periods of prices moving up by huge amounts as it does — it does obviously make a lot of people happy — but it does also tend to invite a lot of very short-term speculative attention,” Buterin added.
If true, cryptocurrency projects will definitely have enough time to improve technology until the next rally as some crypto experts believe that the next bull market will not arrive until late 2024.
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