Is crypto era over?

Dogecoin, a financial asset?

Behind the price hype that has occurred approx every 4 years, there's relatively very little real-world use of crypto. If it all snapped out of existence tomorrow, the world would keep turning without a blink. Nobody I know uses it. I've had crypto for a decade now and have never any need for it.

The technology itself has some uses, but the majority of it are solutions for problems that don't exist.

99% of crypto use is trading/speculation and the market is pretty much a casino where people gamble each other's crypto and cash out for real money. With the house (coin minters) making bank in the process. Ultimately little or nothing actually gets produced (many would argue it consumes more than it produces).

Yeah but it comes across like you were trying to equate crypto with traditional financial assets/instruments. Which is like comparing Disneyland money to the Euro.

The only reason we talk about crypto is because, for whatever herd psychology reason, people go mental over it for awhile, they pile into the scheme trying to make money. When that dies down, talk about crypto stops. Why? Because its not really used for anything else but that.

Bonds are boring financial instruments that make the world go around. Slight difference.

People will always keep trying to make money from it. Unless it's regulated out of existence, it will never "die". We will always get brokers, banks, market infrastructure, exchanges getting in in order to make money off that. When millions of idiots go into a frenzy of throwing money at "Shiba Inu" or whatever, there's significant money to be made from facilitating them do that.

In terms of broad public/business use, basically no one uses it, it's considered pretty lifeless from that perspective.

I haven't, as far as I can see you're the token "excited" crypto supporter this bear, we've had one or two every bear run that I can remember.

Crypto down? "Great another chance to buy"

Crypto up? "Looks it's going up, quickly buy it"

"This is just the beginning" 2013 2017 2021 2023

aaand so on and so forth.

Go one there and search for 'hot singles in your area'. You'll find more uncountable mentions and more scam spam.