The current cryptocurrency downturn, while anxiety-inducing for many, may signal a turning point towards unprecedented growth. Veteran blockchain investor Kim Seo-joon, CEO of South Korean investment firm Hashed, offers a compelling perspective, highlighting key distinctions between this bear market and its predecessors. 2015 onwards, he notes, has seen every cycle play out differently, pointing to a new era where regulations are shaping industry development for growth. Institutions are increasingly entering the space, technology is proving its practical utility beyond speculative investments, and the on-chain ecosystem continues evolving regardless of price fluctuations. This shift from speculation into real-world application positions the current market for unprecedented expansion.