On December 2nd, Bitwise CEO Hunter Horsley posted on social media that the bear market has fostered a zero-sum mentality, where one profits by taking a share from others in a shrinking pie.

However, as of November this year, the total market capitalization of cryptocurrencies has surpassed the previous high of $3 trillion in November 2021. The market is entering a period where the pie is getting bigger, and it's time to change our way of thinking. The winning mindset in this phase is to encourage maximizing the size of the pie, increasing participation, treating participants kindly, and supporting teams to maximize their potential and strengths.