{"id":28177,"date":"2022-05-27T16:43:10","date_gmt":"2022-05-27T20:43:10","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=28177"},"modified":"2024-07-28T07:38:23","modified_gmt":"2024-07-28T11:38:23","slug":"cryptocurrency-executives-believe-bear-market-is-good-for-industry","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/cryptocurrency-executives-believe-bear-market-is-good-for-industry\/","title":{"rendered":"Cryptocurrency Executives Believe Bear Market Is Good For Industry"},"content":{"rendered":"\n<p>Despite the current <a href=\"https:\/\/coinscreed.com\/staging\/solana-sol-nft-sees-increase-amid-crypto-crash.html\">cryptocurrency crash<\/a> some executives think that this is a good thing despite the fact that the industry is losing money<\/p>\n\n\n\n<figure class=\"wp-block-image size-large is-style-default\"><img fetchpriority=\"high\" decoding=\"async\" width=\"1024\" height=\"611\" src=\"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/05\/Cryptocurrency-Executives-Believe-Bear-Market-Is-Good-For-Industry-1024x611.jpg\" alt=\"Cryptocurrency Executives Believe Bear Market Is Good For Industry\" class=\"wp-image-28183\" srcset=\"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/05\/Cryptocurrency-Executives-Believe-Bear-Market-Is-Good-For-Industry-1024x611.jpg 1024w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/05\/Cryptocurrency-Executives-Believe-Bear-Market-Is-Good-For-Industry-300x179.jpg 300w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/05\/Cryptocurrency-Executives-Believe-Bear-Market-Is-Good-For-Industry-768x458.jpg 768w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/05\/Cryptocurrency-Executives-Believe-Bear-Market-Is-Good-For-Industry-150x90.jpg 150w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/05\/Cryptocurrency-Executives-Believe-Bear-Market-Is-Good-For-Industry-750x448.jpg 750w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/05\/Cryptocurrency-Executives-Believe-Bear-Market-Is-Good-For-Industry-1140x680.jpg 1140w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/05\/Cryptocurrency-Executives-Believe-Bear-Market-Is-Good-For-Industry.jpg 1200w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><figcaption>Cryptocurrency Executives Believe Bear Market Is Good For Industry<\/figcaption><\/figure>\n\n\n\n<div class=\"wp-block-rank-math-toc-block\"><ul><li><a href=\"#h-cryptocurrency-executive-ceo-of-web3-foundation-ripple-ceo\" >Cryptocurrency Executive:  CEO Of Web3 Foundation, Ripple CEO<\/a><\/li><li><a href=\"#h-will-same-happen-after-crypto-winter\" >Will Same Happen After Crypto Winter?<\/a><\/li><\/nav><\/ul><\/div>\n\n\n\n<p>Cryptocurrencies have taken a beating so far this year, but despite the fact that the industry is losing money and status, some cryptocurrency executives believe this is a positive thing.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-cryptocurrency-executive-ceo-of-web3-foundation-ripple-ceo\">Cryptocurrency Executive:  CEO Of Web3 Foundation, Ripple CEO<\/h2>\n\n\n\n<p>Bertrand Perez, CEO of the Web3 Foundation, told CNBC earlier today that the current market downturn will drive low-quality enterprises out of the market. Meanwhile, instead of focusing on making quick cash, industry participants will be more focused on creativity.<\/p>\n\n\n\n<p>In response to the latest price drop, <a href=\"https:\/\/coinscreed.com\/staging\/ripple-vs-sec-ceo-brad-garlinghouse-cleared-the-only-stumbling-block-to-a-settlement-with-the-sec.html\">Ripple CEO Brad Garlinghouse<\/a> asked investors to zoom out. Despite the current market turmoil, the executive remains confident in the long term.<\/p>\n\n\n\n<p>After peaking at almost $3 trillion in early November 2021, the cryptocurrency market is presently valued at $1.18 trillion.<\/p>\n\n\n\n<p><a href=\"https:\/\/coinscreed.com\/staging\/how-to-use-a-bitcoin-atm-in-2022.html\">Bitcoin<\/a>, the most popular cryptocurrency, has recently dropped to as low as $28,336.<\/p>\n\n\n\n<p>After more than a year of extreme excitement that led to the creation of non-fungible tokens and meme currencies, <a href=\"https:\/\/coinscreed.com\/staging\/tether-now-offering-usdt-on-polygon-network.html\">Polygon<\/a> co-founder Mihailo Bjelic believes that the market requires a healthy correction to return to a more logical state.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-will-same-happen-after-crypto-winter\">Will Same Happen After Crypto Winter?<\/h2>\n\n\n\n<p>Notably, at the outset of the previous bear market, the leading crypto sector expressed the same attitude. Many crypto projects, according to Ethereum co-founder Vitalik Buterin, have failed to deliver on their promises. <\/p>\n\n\n\n<p>That year, the market faced a full-fledged<a href=\"https:\/\/coinscreed.com\/staging\/hoskinson-says-we-are-now-in-new-crypto-winter.html\"> crypto winter<\/a>, and many analysts anticipate the same thing will happen again this year.<\/p>\n\n\n\n<p>Guggenheim CIO Scott Minerd recently projected that the Bitcoin price might fall to $8,000.<\/p>\n\n\n\n<p>According to Anthony Scaramouch of SkyBridge, the leading cryptocurrency's price might drop to $18,000.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Despite the current cryptocurrency crash some executives think that this is a good thing despite the fact that the industry is losing money Cryptocurrencies have taken a beating so far this year, but despite the fact that the industry is losing money and status, some cryptocurrency executives believe this is a positive thing. Cryptocurrency Executive: [&hellip;]<\/p>\n","protected":false},"author":29,"featured_media":28183,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[26],"tags":[5392],"class_list":["post-28177","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrencies","tag-cryptocurrency-2"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/05\/Cryptocurrency-Executives-Believe-Bear-Market-Is-Good-For-Industry.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/28177","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/29"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=28177"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/28177\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/28183"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=28177"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=28177"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=28177"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}