Facebook and Instagram bans Cryptocurrencies ads. I think they are nothing to cryptocurrencies. Facebook users are not great market. It is only few percent of ICO market. I think cryptocurrencies will not die because of them.
I totally agree with your statement. Initially, I was so confident with facebook that can help speed up the development of crypto, but it deviated when I realized that the majority of facebook users are just a teenager. And its effect on crypto development is probably only about 30%. In addition, based on surveys that I did from 10 facebook users 8 of them ignore ads on facebook and continue to scroll down.