Dragonfly Partners: The current bear market is a "piece of cake" compared to 2022

Dragonfly managing partner Haseeb posted on platform X, stating that the current bear market might be the "easiest" one yet, as many seem to have forgotten what 2022 was like: Luna collapsed, followed by 3AC, then FTX, and then Genesis, BlockFi, Axie, NFTs—almost everything was teetering like a house of cards. Then, after all these collapses, banks failed, stablecoins de-pegged, and Gary Gensler attempted to destroy almost every company in the industry. In contrast, the current market conditions are a "piece of cake" compared to 2022; although prices have dropped, the fundamentals remain strong.