Anatoly Yakovenko, the co-founder of Solana Labs, believes that the current crypto bear market may last for another 12 to 18 months.
Speaking on the GM Podcast, the creator of the Solana blockchain attributed his expectation to the Fed rate hike influencing the macroeconomic environment. He, however, anticipates that as was evident in other bear markets, projects that focus on building during this brutal period will come out successful in the end.
“Looking at macro stuff, my guess is there's probably 12 to 18 months more of this brutal Fed rates going up. But there is an end to it. And just like the last bear market, a lot of teams that built and focused on product-market fit, and really tried to build amazing products—a lot of those succeeded, I think, in a very dramatic way," Yakovenko said.
The Ukraine-born computer scientist is not alone in expecting a drawn-out bear market in which projects can strengthen themselves. In an interview with Forbes, Úrsula O'Kuinghttons, director...
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