Before heading to 2049, I thought the same way, but after chatting with friends, I realized it might not be entirely accurate. Back in 2018, when the ICO bubble burst, people were even more hopeless. Looking back, it was actually the collapse of the main narrative. The suffocating feeling of plummeting coin prices combined with liquidity tightening greatly impacted emotions. Once liquidity improves, it's very likely that unexpected innovative sprouts will emerge from some corner and quickly grow into towering trees under the nourishment of abundant capital. At least now, I firmly believe that in the future, most people on this planet will be using stablecoins, and the borderless, rapid flow of stablecoins will inevitably create room for an unprecedented massive Ponzi. There's still room before that happens