I don't think it is. Because that's what happened in 2016 to 2017. Bitcoin's price was very low and when it comes to 2017, it rises up quickly. So I think it may happen again next year.
I don't completely agree with you. Yeah bitcoin prices may or may not increase. But one thing for sure is that it will survive. I mean if it has survived for 10 years I sure it has caught the attention of some potential people.
There are countries implementing blockchain. Not a person, Not a group of people, Not a company, Not even a city or a state rather an entire country. This will impact the cryptocurrency market sooner or later.
If that's the case that some countries are implementing blockchain in some other ways, I don't think that this will affect the entire crypto currency, still crypto will continue to grow.