[wslh]

Crypto, as an economic and innovation ecosystem, is largely dead, with the partial exception of stablecoins (which are not inherently “crypto” in the ideological/decentralized sense).

The core issue is structural: most cryptocurrencies depend on foundations that fund development, marketing, and operations through large token holdings. When prices fall, these entities eventually become forced sellers. At some point, their “whale power” is not optional but necessary to survive, creating persistent sell pressure and undermining long-term trust.

Bitcoin likely has a longer lifespan than most alternatives due to its lack of a foundation, fixed monetary policy, and social inertia. Over time, it may absorb whatever residual trust exists in the broader crypto space. However, that does not imply indefinite relevance: Bitcoin could survive while gradually becoming economically marginal, not dead, but increasingly negligible outside niche use cases.

[lern_too_spel]

The analysis requires understanding the total addressable market of greater fools. Bitcoin, like any speculative asset, has value as long as people believe its value will go up. When there are no more greater fools to buy in, its value stops going up, so it loses value as a speculative asset. People will sell off to buy other speculative assets, causing a price drop and accelerating sell-off from others who do not want to be bag holders until the asset reaches its intrinsic utility value. Since Bitcoin is strictly worse than alternatives as a form of payment, that value is 0. While this is the ultimate price of Bitcoin, correctly estimating when it will happen requires an understanding of the addressable market, which can change sharply as different countries implement regulation.

[Imustaskforhelp]

Yup I had written a similar comment where I feel like stablecoins do seem to have a good idea but I still believe that the whole industry even with stablecoins would tend on becoming even more regulated and getting more integrated with centralized finance

I do feel like it would be centralized finance which would run stablecoins and not defi/crypto companies which would connect with/partner with centralized finance in my opinion tho.

Or as I said in that comment, the rise of finance superapps like coinbase so I feel like their stablecoins might be more of influence but either way, I do feel like its going to be extremely hard for people to enter the stablecoin market basically.