Katie Haun, the manager of a cryptocurrency fund, says this Bitcoin bear market is unlike any other.
Katie Haun expects more corrections for Bitcoin and altcoins
The founder of Haun Ventures noted that the latest sales coincided with a global economic crisis. During his interview with Bloomberg, he said that the current bear market is different from previous cycles. Haun highlights the distinction between the current situation and a number of factors, such as record inflation and the Ukraine war. It also claims that “there has not yet been a crypto winter amid severe global macro conditions.” According to him, the markets are still facing lower levels.
Haun also evaluated President Joe Biden’s government agencies regarding the cryptocurrency situation. He also discussed his views on the executive order that prompted them to investigate the issues. The founder of Haun Ventures says they are pleased to see this decree.
We are pleased to see this decree. It’s not something you normally have to rejoice at, but we are, because to us it was a genuine acknowledgment of what the US government said this space was growing. It’s getting so big that we’re going to direct every agency in the federal government to come up with a plan.
Haun Ventures CEO says we’ll be in a bear market for a while
According to Katie Haun, crypto is unlikely to recover anytime soon. While major industry players like Terra LUNA, Celsius Network and Three Arrows Capital have fallen victim to the cryptocurrency market crisis, Haun claims the future of cryptocurrencies is less certain. She also says the only adjustment in their strategy as a result of the market correction is to concentrate more on the early stage:
I think we will continue to see some corrections, so we may be able to distribute our late-stage funds a little more slowly. In the long run, it is acceptable that this is not progressing at half speed. Our long-term strategy has not changed, we dedicate ourselves to this field.
About Haun Ventures
Haun Ventures is a firm designed from the ground up to help founders build the next generation internet. Last year it allocated $1.5 billion in capital to support the growth of Web3.
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