Additionally, Sirer emphasized the importance of always growing the space, even during a bear market. “In fact, I happen to like bear markets more. It’s much more fun to be building when everyone is more rational,” the executive stated.

The latest remarks by Sirer add some new ideas about the executive’s view of the cryptocurrency market. In 2020, Sirer argued that more than 95% of cryptocurrencies were nothing but scams. He also criticized use cases of new crypto initiatives, stating that Bitcoin (BTC) was the first cryptocurrency to offer a peer-to-peer online payment method.