During the crypto bubble, it was common for "crypto insiders" to talk about how it was poised to transform the entire economy, on the cusp of making all finance distributed, about to revolutionize ownership, etc., etc. .

The people in the most inflated parts of bubbles don't tend to have the most clear eyed assessment of the real impact and potential of the dynamics contributing to the bubble: their perception is warped by the bubble, and they cannot help but see everything filtered thru it.