This can either mean that investing in cryptoassets is set to become less profitable in the long-run, or that it will undergo some reshaping towards making investors more active in seeking to recapture some of all this value being “lost”.
Another great point/bifurcation here: the future is surely be less about rent-seeking (as basic CAPEX for new business is plummeting) but is is also going to be less meritocratic? (unlikely imho). Are investors going to change shape? Probably yes, also in line with a reshaping of the concept of merit, wealth (in a more complex, connected, more liable, world).