Dragonfly Partner: The current bear market is a piece of cake compared to 2022
2025-11-14 04:34:22
Haseeb, managing partner at Dragonfly, says the current bear market is probably the "easiest" one, and a lot of people seem to forget what 2022 looks like: Luna crashes, then 3AC, then FTX, then Genesis, BlockFi, Axie, NFTs, and pretty much everything crumbles like a house of cards. Then, after all of these things collapse, banks collapse, stablecoins break down, and Gary Gensler tries to destroy almost every company in the industry. By contrast, market conditions are now "a piece of cake" compared to 2022, with prices falling but fundamentals still good.
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