Price charts of major crypto tokens indicate a sharp decline from their respective peaks. For 2022, the crypto market has only succumbed to high-scale sell pressure as most cryptocurrencies tumble down.
Despite the fears and frequently extreme speculations from investors and crypto doomsayers alike, a crypto exchange platform executive has called for calm.
Ben Zhou, the co-founder of Bybit, believes there is a silver lining to the massive market crash. He revealed to attendees of the TOKEN2049 Panel in Singapore that his company was born in a bear market and considered the current market conditions as room for more opportunities. The CEO also opined that Bybit leverages a different structure than other exchanges and would not adversely impact the market conditions.
“We are bullish. For us, the macro trends are nothing to fear. (…) Rising inflation and interest rates, printing vast quantities of fiat currency, low growth or no growth – all highlight the weakness in traditional finance,” Zhou said.