Hashed CEO: Don't be afraid of this crypto bear market, industry fundamentals are irreversibly improving and improving Simon Kim, CEO of Hashed, a South Korean cryptocurrency venture capital firm, stated in a post that since entering the cryptocurrency industry in 2015, he has experienced multiple market fluctuations, and this bear market is the first one that has not truly scared him. Although looking at one's own investment portfolio still hurts from bear markets, this bear market is fundamentally different from the past. In past bear markets, there has been a pervasive fear of the survival of encryption technology and the market, such as a government coalition to completely ban encrypted assets and the new global ledger technology replacing blockchain, which pose real threats. However, at present, regardless of how daily prices fluctuate, such fundamental concerns have not emerged. Global regulation is gradually evolving with the aim of promoting development together with the industry, rather than suppressing it; More and more institutional investors are beginning to recognize the value of this asset class, such as IBIT occupying the largest position in Harvard University's endowment fund portfolio, which is highly symbolic; The various indicators of stablecoins have reached new highs every month, and it is expected that their issuance will increase tenfold from the current level by 2030. Simon Kim also mentioned that billions of people around the world will be exposed to digital assets through daily financial technology applications and large-scale technology applications in the future, rather than relying on exchanges. Everything is being tokenized, and the prosperity of on chain ecosystems is a foregone conclusion. He emphasized that the cycle is temporary, and the fundamentals are irreversibly moving forward. He called on everyone to be patient, and prices should rebound and catch up with these fundamentals, which will not take too long.