Shayne Higdon | Source | Co-founder, CEO at HBAR Foundation
Shayne Higdon
Shayne is the Co-founder and Chief Executive Office at The HBAR Foundation. He is a Senior Executive with experience in sales, mergers and acquisitions (M&A), business and corporate development, marketing, product management, product development, and strategy. Shayne is experienced in defining new market potential while utilizing both organic and M&A investment to drive growth. He is customer focused with experience in leading global, high growth businesses while expanding margins. He has a track record of building strong teams and a winning culture, and is skilled in dealing with the press, analysts and public market and private equity investors. Shayne has extensive knowledge and experience in SaaS, cloud, infrastructure and application performance monitoring and management, desktop with both enterprise and mid-market solutions.
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HBAR Foundation (https://www.hbarfoundation.org)
Co-founder, CEO
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HBAR CEO on Crypto Markets: I don’t think the bottom is in
While Barry Silbert, founder and CEO of Digital Currency Group, says he is buying Bitcoin right now, others are not so convinced the bottom is in. Shayne Higdon, co-founder and CEO of the HBAR Foundation, believes there is more pain on the way.
Article
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I think a few things need to happen for the bottom to hit: 1. Inflation needs to ease, 2. Unemployment needs to stabilize and 3. Weaker US dollar. I’m still skeptical it will happen. It’s been promised for years and continues to get delayed. The merge will reduce the total supply of proof-of-work assets and an increase in proof-of-stake assets but I’m not sure how the demand curve and price will respond. My belief is that the merge is already priced into ETH so we are likely to see the price drop once it happens and so many “bought the news” and are doing all they can to hold. If there were a run on ETH it would rock the crypto market in a big way. I think DeFi, as we know it today, would be forever changed. I don’t believe you can pay out double-digit APY and expect that – as many turn this into fiat (especially in market correction territory), your business model will survive. It’s a Ponzi scheme. Get investors to deposit money and promise huge rewards/returns with zero utility. Once consumers begin to pull their crypto out en masse (similar to a run on the bank) you can’t sustain the payouts and ultimately go under.
