Mysten Labs CEO: Disagrees with the "continue building during a bear market" argument; a bear market would harm builders and industry development.

PANews reported on March 8th that Mysten Labs CEO evan.sui stated in a recent interview that he does not agree with the notion that "bear markets are good, keep building." He pointed out that during downturns, many people lose all their savings, face cash flow problems, and even some very strong teams may not survive, genuinely harming many. In fact, bear markets are not "great," nor are they something to celebrate or boast about. Volatility doesn't just "cleanse the market"; it scares away builders and users, leading to a smaller talent pool and slower adoption. While bear markets might allow a few teams to focus more intently, packaging them as beneficial for everyone ignores the real costs and harms the long-term development of the crypto industry.