Too Long; Didn't Read
Unlike tough times, only tough projects last in the crypto world. Weak projects sink and as the dust settles, newer ones surface. Without the adrenaline that drives *fake* projects in bull seasons, these new ones emerge slowly, despite the shortage of capital, pessimism and gloom surrounding the bear market, and take on the world. The bear market purges the market and creates the space for new projects to emerge. Airbnb and Uber are stellar examples for this purpose. Airbnb launched in 2008 at the peak of a 17 month recession, the greatest one in history at that time.