This issue of Jinse Dialogue covers ’How does the bearish market get through the winter?’

The founder of MOAC and the founding partner of Outpost Capitals, a Silicon Valley venture capital fund, said:

”The current definition of a bearish market may not be very accurate. I’m more inclined to consider what happened as a natural process of the market returning to normal after the financing bubble triggered by Ethereum. There are probably still Ethereum contract-based projects without a chain-supported currency that haven’t returned to normal. There are some projects where the token price is ten times higher than when it was initially financed. These are obviously unreliable. But there are also currently projects that are being overloaded. So this couldn’t be a bear market from a practical applications point of view. Real-world entities are currently trying to enter the blockchain market. I personally believe that real-world application will be the next turning point for the bull market.”

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