Crypto investors have long believed that during market downturns, the lack of adoption by Web2 users is to blame for the absence of new capital inflows. This is known as the “Mass Adoption” narrative, where Crypto’s “Web3” products are expected to cater to non-profit-oriented users from Web2.
This logic is similar to the sentiment of “African children will starve because you waste food in China,” emotionally resonant but lacking logical coherence.
