Scenario 7: market fatigue
Probability (next 5 years): low
Potential impact: slow irrelevance

If cryptographic startups do not offer any tangible value in the real world, people could gradually begin to lose faith in cryptocurrencies and tokens. (Something that could be said to have occurred during the bear market of 2015 and 2016).

In this case, market growth could slow down and its value eventually stabilize. The encryption market would lose its attractiveness from the investment point of view, which would lead to a declining mayor and so on ...

Personally, I think some encryption startups will eventually create value in the real world. In any case, the cryptography market is still incipient and time has so far. As history has also done, the market is always able to recover.