StarkWare CEO: The Nature of Crypto Bear Market Cycles Has Shifted, From "Fraud Winter" to "TradFi Bear Hug"

DeepFlowTech · 2026-03-25T05:32:36+00:00

Eli Ben-Sasson, when reviewing the current crypto market, points out that the current bear market is different from previous ones, resembling more of an impact from traditional finance. Despite short-term innovation momentum being insufficient, long-term freedom and innovation will drive industry development.

DeepFlowTech

2026-03-25 05:32:36

Abstract generation in progress

Deep Tide TechFlow News: On March 25th, former Zcash co-founder and current StarkWare CEO Eli Ben-Sasson posted on X, reflecting on the crypto cycle. He pointed out that compared to the previous winter of crypto caused by events like the Terra collapse, Three Arrows Capital, and FTX—characterized by fraud and excessive speculation—the current bear market shows very different features. This cycle is more like a “Traditional Financial Bear Hug (TradFi Bear Hug).” With regulatory support warming and mainstream financial institutions accelerating their entry, the crypto industry was once seen as a new financial infrastructure. However, it has also, to some extent, squeezed the original spirit of “economic freedom and experimental innovation.” Although the crypto industry is currently facing short-term innovation constraints and leadership gaps, in the long run, freedom and innovation will return and drive the next phase of development.

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.