And I doubt the best place for a stable, safe investment will ever be Bitcoin. People looking for safe investments tend to appreciate those backed by large governments that they already trust (for better or for worse, that's a different story).

But at least this downturn in the crypto market means that entrepreneurs will have more space to focus on building innovative payment solutions without being overwhelmed by "get rich quick" kids trying to make a million bucks without understanding the platform. Sooner or later those payment solutions will become more mainstream, and then this calm before the storm will in retrospect be quite important.