Mysten Labs CEO Evan Sui has expressed disagreement with the common belief that bear markets are beneficial for building in the crypto industry. In a recent interview, Sui highlighted the negative impacts of market downturns, noting that they often lead to significant financial losses, cash flow issues, and the collapse of even strong teams. He argued that bear markets do not simply "cleanse the market" but instead deter builders and users, reducing the talent pool and slowing adoption. Sui emphasized that while some teams may benefit from the focus a bear market can bring, portraying these periods as universally positive overlooks the substantial costs involved. He warned that celebrating bear markets could harm the long-term development of the crypto industry by scaring away potential contributors and stalling growth.