@jake
I feel like the idea that the bear market is the best time to build in crypto relies on 2 key assumptions:
Assumption #1. You need a long quiet time to build a successful product.
Assumption #2. You have runway to survive a bear market without revenue.
I don’t think #1 is true, especially now with the leverage of AI, and especially when building in crypto (for example, Clanker v1 was built in a few days).
#2 may be true for VC backed businesses, but there are not a lot of crypto products with profit-generated runways measured in years, let alone months.
I personally prefer building in a bull market when there are more people using apps, there is more money in their wallets, and they are more excited about trying new things.