The crypto sector may be experiencing stagnation rather than growth, as evidenced by the fading of major narratives like NFTs and exchanges pivoting toward prediction markets, suggesting the industry has reached a plateau where it is no longer a growth industry despite not disappearing entirely.
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Lyn Alden on Bitcoin and Crypto’s Future #shortsAdded:
Do you think crypto is over? And I mean that in the sort of disparaging non-Bitcoin sense because when when when I have a look at you know, I've only been in this space for 5 years now, you know, I allocated to Bitcoin. I went all in in in late 2020. And in that time, you know, there's been one major narrative and one sort of semi narrative emerge, you know, we we we had the the NFT sort of thing um rise and fall. But there there doesn't seem to be anything right now that's a an alternative narrative to Bitcoin to sort of puff up that souffle.
And it feels like when I have a look at what's happening in the marketplace with respect to the exchanges, they've all pivot they all seem to be pivoting towards merging with the the prediction market space and making offerings in that regard. So is is that whole sector, the whole crypto sector over? I think so in the sense that I define over as stagnating now. Not meaning it obviously goes away tomorrow, but that it it's not it's no longer a growth industry. Uh it never really was.
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