The Best Bear Market Plan? “Relentless optimism for the future,” says fintech CEO

While many crypto veterans give out a wide range of advice and strategies for the bear markets, some choose a more simple approach – optimism. Staying resilient and positive during this time is very important, according to Jeremy Almond, CEO of Paystand, a B2B payments fintech.

Almond told Cointelegraph that the best way to plan during the crypto winter for companies is to have what he calls a “brutal grasp of the facts” and “relentless optimism for the future.” He explained that:

“As a company, you always want to be resilient in difficult times, but also optimistic about the world we create.”

The CEO expressed that companies must be the ones to implement the vision. Because of that, Almond said they need to be prepared, saying the best companies are the ones that are resilient and resilient.

The Paystand CEO also highlighted the data showing that crypto will hit 1 billion users in the coming years. According to Almond, crypto is here to stay, and the companies that stay focused will come out of the bear market with better products and services. Comparing the crypto winter to the dot-com crash, the CEO explained that:

“The companies that survived, flourished and grew were the ones that built real products and services, but were part of a larger movement that was a change in our business and society.”

Almond highlighted that it is much better for companies to focus on creating value for their customers rather than constantly worrying about the prices of a coin.

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When asked about the layoffs the industry witnessed recently, the Paystand CEO commented that the industry needs more companies for developers to work for. This is so that the developers can use their creativity to benefit society. The leader 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 have the biggest impact on business and consumers in the real world.”

Finally, the CEO encouraged those feeling pessimistic during the bear market to zoom out. “When I started, there was no industry at all. It was just a handful of enthusiasts,” Almond said. He encouraged the community to look at the progress that the blockchain industry has made in the last 10 years and the many products that have been built, such as decentralized finance (DeFi) and non-fungible tokens (NFT).