Mysten Labs CEO: The bear market is not something to celebrate or boast about.

AIcoin2026/03/08 07:26

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Mysten Labs CEO evan.sui stated in an interview that he does not agree with the view that "bear markets are good, keep building." He believes that downturn cycles cause many people to incur losses, break cash flow, and even strong teams may struggle to survive, which harms many builders and users. He pointed out that bear markets are not "great"; volatility is not just about "cleansing the market," but also shrinks the talent pool and slows down adoption. Packaging it as something beneficial for everyone ignores the real costs and damages the long-term development of the crypto industry.

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Kevin Hassett, Director of the White House National Economic Council, stated that the recent substantial decline in technology stocks does not indicate a comprehensive sell-off risk for the AI industry. He acknowledged that some enterprises are indeed burdened with significant debt, which warrants attention. However, he also pointed out that there are many financially strong companies within the industry that hold both equity and debt in related firms; these companies may be poised to acquire or provide funding support when opportunities arise.

华尔街见闻•2026/11/02 20:01