At some point they will use SPACs and you will see IPO of crypto "companies" every week. This will mark the top. Then the crash: a combination between dot come bubble and sub prime crisis will nuke some financial institution, which will go broke or bailed out because of this. Maybe some stablecoin issuer may go broke too. The web2 "crypto" industry will be dead for a decade. DeFi will just churn block by block and be resilient and there forever, but ofc take a big hit. After this, the financial world will be different and DeFi will be the standard. The term "crypto" will maybe be dead and outdate like "dot com. If you think this will not happen, study crypto cycles! Why do they exist? I tell you why: It in the very nature of this technology. Everyone can anytime create a project on a early stage idea and start selling shares for this endeavor. Everyone can trades these shares at day one. The power of this: 4 random anons on 4 different continents can create an entity (id) with a multisig (bank account) which creates economic freedom like never before. BUT on the downside: while maybe one of 1'000'000 biz idea is worth to get funded, in crypto 10'000 collect money and burn it while never have any usage at all and the idea is worth 0. Because that's general nature of ideas: all of them are for free, what matters is execution and creat value for others which make people pay for it.