Venture capitalist Katie Haun says the crypto trajectory is different from previous cycles – here’s her outlook

Venture capitalist Katie Haun says the current crypto bear market is the first of its kind since the inception of digital assets over a decade ago.

In a new interview, the CEO and founder of web3-focused Haun Ventures says that unlike previous cycles, the current crypto downturn coincides with global economic turmoil.

“What hasn’t happened is a crypto winter in the midst of kind of really dire global macro conditions. We’ve got inflation — kind of at record highs for our generation and in our lifetime, and then we’ve also got a war that’s broken out in Ukraine, and we’ve got a number of other factors at play here. So it’s very different.”

The downturn has already seen the demise of industry giants like Terra (LUNA), Celsius Network and Three Arrows Capital, but Haun says crypto is less likely to recover anytime soon.

“I would say the only thing that has changed in our strategy as a result of the market correction is really more focus on early stage, but we still have our late stage fund and when we see valuations, which I think we’ll still see right.”

Spoiler: I think we will continue to see some corrections, so we may deploy our later fund a little more slowly. It may not be at a steady 50/50 cadence, and that’s fine in the long run. Our strategy has not changed in the long term. We are committed to this space.”

Haun also shares his thoughts on President Joe Biden’s executive order directing government agencies to look into the aspects and issues of crypto and make recommendations.

“We were so happy to see that ruling. It’s not something you should normally be happy about, but why we were is because for us it was a real recognition that this is the US government saying this field is not going either way, this field is growing. It’s growing so much that we’re going to direct every single agency in the federal government to come up with a plan here.”

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