Changpeng Zhao, founder of Binance, explained that "a bear market actually provides better opportunities for Web3 founders starting from scratch" because "there is less competition in a bear market, and there are no inflated company valuations or the arrogance unique to a bull market." He continued, "Historically, many of the strongest projects emerged during 'crypto winter' (a cryptocurrency downturn). Furthermore, investments made during a downturn generally yield better returns than investments made during an upturn. If builders don't want to regret their inaction when the next bull market arrives in a few years, they should start building right now," he emphasized.
