Of course, the crypto industry isn't dead. Those who think that everything related to crypto is just another ponzi scheme don't understand how blockchain technology really works. Yes, there are (and will be) scam projects which are based on crypto principles. But, on the other hand, there are a lot of scam projects involving fiat. So what? It's just how any industry functions in this world. Bad people always find new ways to trick trustful users.

Rising and falling share prices is the usual thing of a stock market game. Look how Apple stocks decreased this winter too. Does it mean that Apple is doomed?

After so many investments into crypto from companies around the world I don't believe there is a strong chance the whole industry will be multiplied by zero just because the bitcoin stock price didn't skyrocket to $100k. At this point it's all about speculations, in my opinion.