Best bear market plan? ‘Unrelenting optimism for the future’ says fintech CEO
While many crypto veterans offer a wide range of bear market tips and strategies, some are opting for a more straightforward approach – optimism. Being flexible and positive during this time is very important, according to Jeremy Almond, CEO of Paystand, a fintech company for B2B payments.
Almond told Cointelegraph that the best way to plan during a corporate crypto winter is to gain what he calls a “brutal understanding of the facts” and “continuous optimism for the future.” He explained that:
“As a company, you always want to be resilient in case of tough times but also optimistic about the world we’re creating.”
The CEO expressed that companies should be the ones implementing the vision. Because of this, Almond said they need to be prepared, saying that the best companies are those that are resilient and resilient.
The Paystand executive also highlighted data showing that the cryptocurrency will reach 1 billion users in the coming years. According to Almond, crypto is here to stay, and companies that remain focused will exit the bear market with better products and services. Comparing the crypto winter to the crash of the Internet, the CEO explained:
“The companies that survived, thrived, and grew were the ones that built real products and services but were part of a larger movement that was transforming our business and society.”
Almond explained that it is better for companies to focus on creating value for their customers rather than constantly worrying about coin prices.
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When asked about the industry’s recent layoffs, CEO Paystand commented that the industry needs more companies that developers can work with. This is so that developers can use their creativity to benefit the community. The executive noted that those who make the most impact will naturally attract talent. He explained that:
“In this market, the best developers will go to the best companies that make the most real-world impact on business and consumers.”
Finally, the CEO encouraged those feeling pessimistic during a bear market to zoom out. “When I started, there was no industry at all. There were only a few enthusiasts,” Almond said, urging the community to consider the progress the blockchain industry has made in the past 10 years and the many products being built, such as decentralized finance (DeFi). ) and non-perishable tokens (NFTs).