I think the current Bitcoin hype cycle is ultimately going to be damaging to the future of the sector as a whole. Bitcoin's capability to actually be used as it was supposed to be is currently a terrible joke, and thousands of people who couldn't grasp the most basic concepts about it even if they tried are throwing large amounts of money at something they don't understand at all. The current state of Bitcoin tech is so far behind what the hype would have you believe.

The number of posts from people who delusionally believe Bitcoin is a sure thing, "safer than a savings account", and has nowhere to go but up has increased exponentially in recent weeks.. along with posts from people taking out loans to "invest".

That's going to leave a bad taste in the mouths of many new 'adopters' (speculators) when the rate of incoming greater fools slows down and the market takes a massive downturn.

This won't end well.