Hashed CEO: Current bear market is a prelude to growth, not fear

Kim Seo-joon, CEO of the South Korean blockchain investment firm Hashed, has characterized the current bear market as a temporary adjustment, arguing that the long-term growth of blockchain is an established trend. In a post on X, Kim stated that having experienced every market cycle since 2015, he finds this downturn lacks the fundamental fear of previous ones. He explained that past cycles were marked by existential threats, such as prohibitive government regulations or the potential for the technology to be replaced. In contrast, Kim noted that global regulations are now being developed with the premise of industry growth, and participation from institutional investors is expanding. He asserted that the growth of the on-chain ecosystem is already a certainty, concluding that while cycles are temporary, fundamentals are irreversible, and prices will eventually follow with patience.