This very much like the back and forth we have on microservices vs monolith. Every generation likes the cool thing only to revert back to mean.

People will go decentralized, then centralized, then decentralized, etc.

We built centralized government bodies for a reason.

The aspect of blockchain + bitcoin that's pretty appealing is limited supply & formulated inflation & cryptographic guarantees.

Applying this to all other domains is stretching it a bit.