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

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.