I think a big part of this is that old tech companies like IBM, Oracle and probably every big management consulting trying to hype the technology up. You see consultants recommend taking on big challenges, sort of like snake oil applying it to all kinds of nonsensical scenarios around finance, insurance, supply chain, regulatory reporting, etc.

Contrary to general perception it’s not a new data transfer cure all that will actually solve problems of sharing data between organizations. It also doesn’t replace hard work required to make a new industry standard. It’s barely useful in either of those but that’s the common misconception I usually hear from nontechnical people who seem to be excited about blockchain.

Are we just trapped in a hype cycle that will inevitably end or does Bitcoin growth spell forever renewing waves of hype?