Nearchos

Founders

Web3 sentiment is extremely bearish right now, and yet:

- adoption continues
- there’s more regulatory clarity than ever before
- a crypto-friendly Administration in the White House for first time ever
- BTC is still trading above its first ATH this cycle of $72k
- more institutional investors are taking crypto seriously
- promising new primitives with real consumer utility have emerged (e.g., social agents)

2023 us would be excited by these headlines.

Yes, it’s psychologically challenging right now, but the fundamentals are better than they’ve ever been. 

It’s going to get better.  I’m 100% confident of that.

And therefore the sentiment for me is very bullish.