Good. Finally one positive impact crypto has on the world. After it all crashes, hopefully these rust coders will find their way into traditional finance and tech and displace C++.
Each crypto market crash has only been a temporary set back. Market cap could drop 75% and still bounce back within the year. The hyper-competitive and trustless nature of crypto rewards the most elite projects staffed by +4 SD minds. It’s like how Quant funds are a darwinian bloodbath. The only way crypto is going away for good is replacement by vastly better technology or assets.
With interest rates in steady state rates, people would choose wisely if it's better to stash money into a regular savings account or into void of cryptoschemes with occassional jackpot.
I agree - the replacement is better assets, such as cash. When it is priced reasonably again.