Crypto mainstream adoption equals more and more like a new fancy way for Gen Z investing. — My question is: If the majority isn’t even using the blockchain technology, and is investing in it to simply profit off it, can it lead to a bubble?
The majority of Crypto isn’t even on-chain anymore. Most of the transactions are off-chain.
New users don’t even want to understand the technology and the usefulness behind Crypto.
Mainstream adoption means relying mainly on centralized solutions, regarding storage and security.
Blockchain technology will probably be unnecessarily implemented in industries where other tech solutions are more efficient.
I think in the future this could potentially play out like the dotcom bubble. That cryptocurrencies become so overvalued for the simple fact, that they are cryptocurrencies, “the new big thing”.