Crypto has become a "weak" market.

Until 2021, crypto was largely seen as either a 'get rich quick' scheme or a nerdy thing that many doubted. Then we entered the institutional period, where it seemed like crypto would move into a phase of real maturity and strong development.
But what did we get after 2021?

BTC: A rally driven by the promise of a Spot ETF, after crashing to under 20k. Maybe the Spot ETF is the only good thing after 2021.

NFTs: A bad joke that didn’t hold appeal among celebrities and didn’t help the market in any way.

Consecutive SEC lawsuits: Almost every project issuing tokens was pursued by the SEC, undermining the market’s legitimacy.

Frauds: Scandals like FTX and other frauds further tarnished the market’s image.

Memecoins: The frenzy around meme coins adds chaos and gives critics more reason to dismiss this market as not serious.

Venture Capital shitcoins: Billions of locked tokens being dumped on us on a regular basis by greedy capitalists who did little to help the market with their second-layer or ghost chains.

To be clear, I’m not saying this because I’m frustrated or lost money in the market. Crypto has given me a lot, but that doesn’t stop me from having a critical view and pointing out these unpopular issues.