Opinion: The crypto ecosystem proved during the crash that the market is operating as intended in an experimental manner

Huoxun Finance reported on October 16th that according to Bloomberg, MIT digital currency expert Neha Narula stated that there is no need to panic about last weekend's cryptocurrency sell-off, as it proves that the market is operating as expected in an experimental manner. She stated that despite the significant market crash, the system is operating normally, and there is no need for any bailouts or market rollbacks. While the downturn has caused losses to investors' accounts, its impact on different sectors of the cryptocurrency market is worth noting, especially the significant differences in the performance of on-chain and centralized exchanges. Narula believes that the performance of the cryptocurrency market is a valuable learning opportunity. As an academic, she hopes that the market will focus more on user needs and practical application scenarios and reduce speculation. Of course, she also acknowledged that the market is "extremely experimental," which provides room for learning to deal with unexpected events. She said: "The cryptocurrency field is still like the Wild West, and we are still groping forward."