[Mysten Labs CEO: Disagrees with the View that 'Bear Markets are Good for Building'; Bear Markets are Not Great] According to a report by Jinse Finance, Mysten Labs CEO Evan Sui stated in a recent interview that he does not agree with the notion that 'bear markets are great for continuing to build.' During downturn cycles, many people lose their savings, face cash flow disruptions, and even some very strong teams may not survive, causing real harm to many. In fact, bear markets are not 'great,' nor are they worth celebrating or boasting about. Volatility is not just about 'cleansing the market'; it also scares away builders and users, leading to a shrinking talent pool and slowing adoption processes. While bear markets may allow a few teams to focus more, packaging it as something beneficial for everyone ignores the real costs and further harms the long-term development of the crypto industry.