It is true that most investors are interested in ICO because of the large profits that it brings, but with this bear market, it is difficult to attract them, as well as their willingness to invest in ICO.
Because bear market is great time to buy, if hold about few years will give so many profits than we buy it when bull market. So i think not because bear market to prevent them invest in crypto but because of the regulation. So many projects prohibit US citizens