Is consumer crypto really dead?
Every market cycle brings fresh predictions that consumer crypto is finished, and in our conversation
@marklg pushed back firmly on the idea that institutional adoption is now the only story that matters. His comparison to equity markets is instructive: bear markets regularly trigger the same doom narrative around stock trading, yet trading activity simply follows the natural rhythm of the cycle, rising when people are making money and pulling back when they are not.
Consumer crypto behaves the same way, waves of activity tied to market conditions rather than a permanent structural decline. The recurring obituaries for consumer crypto say more about short-term sentiment than about the underlying trajectory of the space.
@Payward @PaywardServices @krakenfx