TechFlow news, November 14 — Dragonfly managing partner Haseeb Qureshi posted on social media stating this is the easiest bear market he has ever seen.
Haseeb Qureshi reviewed the market conditions of 2022, when Luna collapsed, followed by the successive failures of Three Arrows Capital (3AC), FTX, Genesis, and BlockFi. Axie and the NFT market also encountered problems, causing the entire industry to teeter like a house of cards. After these collapses, banking crises emerged, stablecoins depegged, and regulators attempted to crack down on nearly every company in the industry.
In contrast, Haseeb Qureshi believes the current market situation is significantly better. Although prices have declined, fundamentals remain sound and cryptocurrency continues to function normally. He advises investors to stay calm and focus on long-term development.
