Comment by kliao

yes, valuations have gotten ahead of reality. that seems like it happens a lot with technology products and companies. the hope is that the law will eventually catch up, tech improves, market matures, and more people will find cryptocurrencies a decent substitute for fiat. if these things don't happen, crypto might die out, and haters will be right. but with most innovation, there needs to be optimism and some "true believers" or visionaries who will work and build stuff that pushes forward the industry. there seem to be plenty in web3. let's see what happens!