Economic uncertainty leads companies to use their strengths to solve real problems for end users, thus laying solid foundations for their future. Bill Gurley said that Web3, the metaverse, decentralized finance, and the broader crypto market offer unprecedented opportunities for building.
The market’s entrance into the next bearish market has become increasingly evident over the last few months. While the global economy has collapsed, the next Bitcoin halving is almost two years from now. However, Dion Guillaume from door.io thinks this adverse situation might be an excellent opportunity for many companies to build.
Companies Can Establish a Solid Foundation during Bearish Markets
Economic uncertainty forces companies to reassess their operations, cutting areas that drain resources and focusing on promising ones. Bearish markets lead them to exploit their strengths to solve real problems for end users. That way, they lay solid foundations for their future and the sector where they intend to compete.
Outperforming their competitors and raising higher funding rounds does not worry investors as much as efficient and smooth trading. Since it is harder to raise funds during a bearish market, companies need to reassess their operations. That offers them the opportunity to move in a more promising direction.
Bearish Markets Offer More Opportunities to Companies and their Employees
A bearish market allows companies to hire top-tier talent without going bankrupt. That situation forces them to reduce their staff, increasing the number of talented people seeking new opportunities. Since workers are more willing to discuss their working conditions, the firms interested in hiring also obtain benefits.
There has been a rise in interest in hybrid businesses or fully remote operations over the last two years. The bearish market will continue to drive it, thus benefiting employers and employees.
Large physical offices will not be necessary for companies, which will reduce the consumption of resources. Besides, employees’ productivity will increase, as they will benefit from not commuting and having a more relaxed work environment.
Bearish Markets Offer Opportunities to Companies Based on Blockchain Technology
Bill Gurley, a renowned venture capitalist, recently said that now is the best time to build a company from scratch.
The executive said that Web3, the metaverse, decentralized finance, and the broader crypto market offer unprecedented opportunities. He believes that many are wrong about viewing cryptocurrencies only as digital money, as they have other relevant features.
Companies and countries worldwide change their opinion about cryptocurrencies almost daily, encouraging their adoption and offering opportunities for future development. Bitcoin emerged in response to the 2008 global financial crisis, leading to the development of the crypto industry, now worth USD 1 trillion.
The bearish market and the global economic crisis might become the engine for developing the next Bitcoin. Nobody should disregard a new industry based on blockchain technology, as it offers many opportunities to build.
Meanwhile, Bitcoin is trading at around USD 19,017 and accumulated a 1.0% loss over the last 24 hours. While its trading volume is above USD 24.69 billion, its market capitalization is about USD 363.85 billion, according to CoinGecko.
By Alexander Salazar
