Empire How to Build Through Bull & Bear Markets With Konstantin Richter | Permissionless IV Fireside Chat | Bonus Episode
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Jul 1, 2025 Konstantin Richter, Founder of Blockdaemon, shares insights on navigating the crypto landscape. He discusses the emotional toll of market fluctuations on businesses and the importance of maintaining core values while chasing innovation. The conversation dives into IPO strategies and the challenges of bridging traditional finance with Web3. Richter also explores the rise of stablecoins in institutional markets and the U.S.'s role as a crypto leader amidst regulatory challenges. His insights provide a roadmap for builders and investors in these turbulent times.
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Bear Market Blues
- Konstantin Richter shares a personal story about the emotional lows in crypto during 2023's bear market.
- He explains how perceptions fluctuate dramatically across crypto cycles despite consistent work.
Market Cycles Shape Perceptions
- Crypto projects' perceived value swings wildly with market cycles, not actual progress.
- Bear markets can quickly make previously celebrated projects seem foolish.
Avoid Chasing Every Narrative
- Balance narrative trends carefully without chasing every new hype.
- Focus on supporting durable, big projects rather than multiple smaller speculative ones.