Why do more and more people feel the crypto market has become boring?
TechFlow Selected TechFlow Selected
Why do more and more people feel the crypto market has become boring?
"Cryptocurrency is boring because too many unanswered questions have already been resolved."
Navigating Web3 tides with focused insightsSource: Cryptoslate
Translation: Blockchain Knight
Remember when being in the crypto Twitter sphere felt like sitting in the front row of a blockbuster movie?
The market was like a runaway rollercoaster, narratives flipped as frequently as pancakes, and every week brought Hollywood-level intensity.
But where has all that gone?
If you're still nostalgic for those "skyrocketing price charts" and Bitcoin surging 20% in a single day, Nic Carter wants to make you smile through your tears: crypto is boring now because we won.
From major exchange collapses to Eastern bans, from Elon Musk's tweet-driven pumps to the pandemic black swan event, the development of the crypto industry has been nothing short of turbulent.
Jamie Dimon (CEO of JPMorgan Chase) once denounced Bitcoin as a "fraud" and threatened to fire any employee at JPMorgan involved in cryptocurrency trading.
Now, this largest global bank is accumulating stablecoins. Dimon even admitted: "Cryptocurrencies are real, and stablecoins are real."
JPMorgan not only allows customers to use Bitcoin and Ethereum as loan collateral but has also launched its own blockchain infrastructure.
Are those wild days truly gone forever? Has cryptocurrency really become boring? Should we seek new asset classes for excitement?
It turns out Gandhi's famous quote—"First they ignore you, then they laugh at you, then they fight you, then you win"—might fit the trajectory of cryptocurrency better than anyone imagined.
The core of this shift in atmosphere, as Nic Carter noted in a post on X, is that reduced volatility means we've won.
He said: "Crypto is boring because so many unresolved questions have finally been answered."
Existential speculations—like whether stablecoins would be banned or if writing smart contracts could land you in jail—are long gone.
The extreme volatility of "getting rich before noon and bankrupt by afternoon" stemmed from regulatory scarcity, when no one knew when the rules might suddenly change.
Now, the Stablecoin Regulatory Act has clarified stablecoin regulations, and the Clear Classification of Crypto Assets Act has drawn clear boundaries between securities and non-securities.
Even the integration of crypto with traditional finance has shifted from a "high-risk-premium hot topic" to a "historical footnote."
When "holding U.S. Treasuries on-chain" becomes routine business, and when BlackRock's crypto exchange-traded products (ETFs) no longer spark controversy, volatility naturally declines, and crypto becomes "boring."
Despite the calm price movements, to many, what was once "wild opportunity" now feels like "a playground turned into a parking lot."
Bitcoin analyst Will Clemente commented: "Honestly, the mood in my crypto chat groups is so depressing—many people have either completely given up and moved to other asset classes, or are preparing to do so."
But Clemente doesn't regret it. In his view, regulatory clarity, Wall Street's involvement, and dull stability are all proof that crypto has "won."
The entire industry has matured: the former "technical risk carnival" has now become a "technical foundational layer" adopted by global giants. The new game isn't about "exploiting legal loopholes," but about "building genuinely value-creating products in the sunlight."
Wall Street hasn't just joined the party—it has taken control of the narrative.
BlackRock, JPMorgan, and even Dimon's dramatic turnaround have become classic anecdotes within the crypto community.
From "deniers" to "builders," the shift of established powers has ended an old playbook based on "chaos-rewarding speculation."
Yes, crypto is indeed boring now. Traditional finance's rigor has brought real capital, reliable custody, and robust infrastructure.
"Wild West" legends are being replaced by compliance teams, pension allocators, and cautious bankers.
That's all good—but some of us still miss those reckless, feverish days. This "history of crypto" somehow feels eerily familiar.
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