According to the founder and CEO of Messari, Ryan Selkis, belt-tightening in a downtrend will benefit the digital asset industry.
He believes that the departure of some companies always makes room for the prosperity of those “who survived.”
He has explained:
“Bear markets are good for attracting the right people. We are getting rid of the ballast.”
Selkis has suggested that at the moment, the cyclical process has coincided with the building of the regulatory environment. Its evolution over time could eventually lead to a bull market.
He has noted the participation of representatives of the CFTC and the US Department of Justice at the Messari Mainnet conference, which was organized by his company.
