Bear Market Acts As A Cleaning House Says Messari CEO

Like many pundits, Mesari CEO Ryan Selkis sees this bear market as a positive. He says that a bear market acts as a clearing house, and that is very true. We have seen many plans and platforms get suppressed due to sales and market fluctuations. For example, Luna and USD are tokens and Celsius is a platform. However, there are many angles to this, and Ryan believes that the bear market is also good for the main network and other events.

CEO Masari in this bear market

We can consider CEO Mesari as a veteran who entered the crypto market in 2013. Yes, there was a time when few people knew about Bitcoin and it was still trading below $20. Ryan experienced several bear markets, and in each of them he saw major advances in technology, the decline of companies, and the rise of new companies. It has now become a cycle, so there is nothing to worry about in this bear market.

CEO Masari says the bear market serves as a clearinghouse

“Bear markets are good for attracting the right people,” Ryan added. We wash all the dead trees. The situation is improving, and regulators are becoming more understanding and supportive. This time they attended the MainNet conference in New York and focused on learning rather than implementation. This suggests that regulators and companies can soon expect to work together to shape the industry. This is not what we expected in 2017 or 2013. Things take time and the market has to evolve. A bear market is a period in which many sudden changes occur, the effects of which can be seen in the next growth period. Ryan’s conversation with officials

He spoke with CFTC Commissioner Carolyn Baum to learn how regulations help shape the industry. But this requires clearer guidelines, which can only be developed if companies and regulators agree. Ryan also spoke with Sanjiv Bhaskar of the US Department of Justice’s office. They discussed digital privacy through cryptocurrency. What do you think when Ryan says that a bear market acts as a clearinghouse? Do you think this is a necessary step for the market? Let us know in the comments below. Also, if you like our content, please share it with your family and friends.