The question to ask is where will the money come from? The last bubble was all over TV, it was a constant part of the news cycle and everybody knows somebody who bought at least some crypto currency based on promises of wild riches. Most of those people have lost at least some (or even most) of the money they “invested”. When the layman has already been burned, where can money come from?

People often make the mistakes more than once so perhaps there’s room for “this time it’s different!” but I’m not convinced. I don’t see the crypto market ever exceeding the previous all time high.

There’s certainly room for individual cryptocurrency projects to succeed from their own merit as projects that happen to be crypto currencies so I don’t think all crypto currencies are dead forever but crypto as a growth market almost certainly is.