[WheelsAtLarge]

This is what it's like when a new investment sector starts up. The dotcom's start was very much the same. People were paid top dollar for simple web pages. And companies where promising that web pages were the solution to the world's problems. There were a lot of scams, a lot of speculation and eventually everything crashed and eventually there were a few profitable companies that delivered on their promises.

Yes, most crypto is speculative smoke and mirrors. Most companies will crash and burn but at some point something useful will survive.

My guess is that by 2028 most of the speculation will be over and the useful companies will be up and running. But who knows what those will be.