Mysten Labs CEO: Bear market is not worth celebrating or boasting about

Mysten Labs CEO Evan Sui stated in an interview that he does not agree with the view that "bear markets are good, keep building" and believes that a downtrend cycle can lead to many people losing money, cash flow disruptions, and even strong teams may find it difficult to maintain, causing harm to many builders and users. He pointed out that bear markets are not "great", and volatility is not only "cleaning up the market", but also shrinking the talent pool and slowing down the adoption process. Packaging it as beneficial for everyone will ignore the real cost and damage the long-term development of the cryptocurrency industry.