Crypto Product-Market Fit: Solving Real Problems or Creating Solutions to Non-Existent Ones?
As a long-time participant in the crypto industry, I have heard the criticism that crypto creates solutions to non-existent problems. The question of whether crypto has a product-market fit is a valid one, and one that I believe deserves a thoughtful examination. Let's start by defining product-market fit and exploring how it applies to crypto. What is Product-Market Fit? Product-market fit is the intersection of three elements: The product - a solution to a problem or need in the market. The market - a group of consumers who have a demand for the product. The timing - the product is introduced to the market at the right time. When these three elements align, the product has achieved product-market fit. In other words, the product is uniquely positioned to serve a particular demand in the market. Does Crypto Have Product-Market Fit? Crypto has been accused of creating solutions to non-existent problems. However, I would argue that crypto is solving real problems in the
