Will the cryptocurrency market decline in the near future?

As you know, Warren Buffet said the crypto market is a mousetrap because it has no intrinsic value. He said that sooner or later, the cryptocurrency market will collapse.

I think this opinion is partly correct. Because all the values ​​people attach to cryptocurrencies become less and less certain.

It is not like gold, it is not an inflation-proof asset. All people in this market are speculators, not investors.

It has huge limitations in the speed of payments and transfers between wallets. I tried transferring money from a cold wallet to an account on the exchange, it took at least 30 minutes. Some days it takes longer, 1-2 hours.

It takes a lot of energy.

The government doesn't like it. Basically, the government always wants to control money, so a decentralized, non-governmental currency is a very idealized concept. According to my prediction, the government will create its own cryptocurrency, and that currency will be similar to the current stable coin. That means other currencies are likely to be suppressed, including exchanges.

I still adhere to the opinion: the cryptocurrency market is no different from a large casino. Casinos are alive, the crypto market is alive. It doesn't need to be such a big replacement for the fiat currency market, it just needs to be an additional option. We should not think in black and white terms, but should also know that there are intermediate shades like gray that exist.

As a result, this market may not expand forever as expected, it may shrink, but it will not disappear. At least in the near future.