Kim Seojun, CEO of Hashed "This bear market is not scary… the cycle is fundamentally different"

Kim Seojun, CEO of Hashed said there is "no fundamental concern" about the recent major cryptocurrency price decline.

On the 18th via X, Kim said, "I've ridden every roller coaster in crypto since 2015, but this bear market is not scary for the first time," and "This cycle is fundamentally different."

Kim said, "All previous bear markets had an existential fear that 'this technology and market could really disappear,'" and "But regardless of daily price fluctuations, there is no such fundamental concern in this bear market."

He emphasized, "More and more institutional investors are recognizing the value of this asset class."

Kim said, "By 2030, the scale of stablecoin issuance will be tens of times larger than now," and "The prosperity of the on-chain ecosystem is an already planned future."

He added, "The cycle is temporary, but the fundamentals (core strength) are moving forward in an irreversible direction," and "It will not take long for prices to catch up to these fundamentals."