Maybe, but… the cycle can be very long. Everyone in Russia is a skeptic or a grifter, and it’s been that way for decades with no sign of grift being on its way out.

This is a great post. It's even got useful ternary diagrams, and it gives an explanation of why the NFT grift disappeared. Too bad cryptocurrency in general is only mentioned in the context of rug pulls. This theory must not extend as far as whatever powers crypto.