. Many people who jumped into the industry looking to make a quick buck ended up jumping back out at its lowest slump. They chalked their ill-timed participation as the fault of blockchain being a trend, opposed to looking at the long-term nature of what it means to build something globally impactful and the rising (and falling) tides that come with such a massive undertaking.
The reason you have stated here is not enough reason to say the blockchain technology is not a trend. Most organisations are already planning to move their businesses in this direction.