Cryptocurrency Market Faces Challenges as Traditional Finance Hits Inflation-Adjusted All-Time Highs

The cryptocurrency market is facing significant challenges, with no meaningful adoption, a saturated market, and ultra extractive scams. Traditional financial markets are at all-time highs, while none of the top 10 cryptocurrencies have reached inflation-adjusted all-time highs in 2024. Bitcoin's previous all-time high was $69,000 in 2021, but its inflation-adjusted high for 2024 is $78,000, which it has not reached. Similarly, Ethereum's previous high was $4,800, with an inflation-adjusted high of $5,375 for 2024, also not achieved. The sentiment among some market observers is that the crypto industry may be nearing its end, viewed as a failed experiment, with supply overhang and insane prices holding until now.