No Pain No Gain: Why Bear Markets And Recessions Are Good
It is tough to go through bear markets. The same is true for economic downturns. There are real world consequences, namely people loss their jobs and also money. So this is not taken lightly.
In this video we discuss how that, in spite of the pain, this is good for the overall health of both the economy and markets. We need the cleansing period to clear out that which is swallowing up resources yet not adding overall value. In the economy, these rea known as zombie companies.
So while the bear can be tough, especially right now, the cryptocurrency industry will be better served. We need to get rid of the excess that is not very strong to begin with.