The best bear market plan? 'Unwavering optimism for the future,' says fintech CEO
Paystand CEO Jeremy Almond says businesses need to be resilient and optimistic about the world they create.
Interview
While many crypto veterans give a wide range of bear market advice and strategies, some opt for a simpler approach: optimism. Being resilient and positive during this time is very important, according to Jeremy Almond, CEO of Paystand, a business-to-business (B2B) payments fintech.
Almond told Cointelegraph that the best way to plan for the crypto winter for businesses is to have what he calls a “brutal grasp of the facts” and “relentless optimism about the future.” He explained that:
"As a company, you always want to be resilient in the face of hardship, but also optimistic about the world we are creating."
The CEO said companies should be the ones implementing the vision. For this reason, Almond said they need to be prepared, saying the best companies are those that are resilient and sustainable.
The Paystand exec also highlighted data that shows crypto will hit 1 billion users in the coming years. According to Almond, crypto is here to stay, and companies that remain focused will emerge from 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, thrived and grew were the ones that created real products and services, but were part of a larger movement that changed our business and our society."
Almond pointed out that it is much better for companies to focus on creating value for their customers instead of constantly worrying about the price of a part.
Related:
Paystand CEO Jeremy Almond says businesses need to be resilient and optimistic about the world they create.
Interview
While many crypto veterans give a wide range of bear market advice and strategies, some opt for a simpler approach: optimism. Being resilient and positive during this time is very important, according to Jeremy Almond, CEO of Paystand, a business-to-business (B2B) payments fintech.
Almond told Cointelegraph that the best way to plan for the crypto winter for businesses is to have what he calls a “brutal grasp of the facts” and “relentless optimism about the future.” He explained that:
"As a company, you always want to be resilient in the face of hardship, but also optimistic about the world we are creating."
The CEO said companies should be the ones implementing the vision. For this reason, Almond said they need to be prepared, saying the best companies are those that are resilient and sustainable.
The Paystand exec also highlighted data that shows crypto will hit 1 billion users in the coming years. According to Almond, crypto is here to stay, and companies that remain focused will emerge from 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, thrived and grew were the ones that created real products and services, but were part of a larger movement that changed our business and our society."
Almond pointed out that it is much better for companies to focus on creating value for their customers instead of constantly worrying about the price of a part.
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