Is the Blockchain Industry Sliding into “Trough of Disillusionment”?

Is the Blockchain Industry Sliding into “Trough of Disillusionment”?

Last year, the cryptocurrency and blockchain industry entered what many have dubbed “Crypto Winter”. The market capitalization of this asset class fell from $830 billion to sub-$200 billion, layoffs by industry startups were commonplace, and the presence of the words “Bitcoin” and “blockchain” in mainstream media dropped off dramatically.