Undeniably the most centralizing aspect of Web1 and Web2 was "the web" itself - their reliance on internet connectivity. Although there is no central governing body overseeing the Internet, key players from state actors to Big Tech companies have significant control over content and censorship, as we see on Weibo in China and Twitter worldwide every day.
Many investors believe that even the most bullish market has nowhere to go but up. For a lot of new entrants that started their investment careers at the bottom of the Q1 2020 crash, this has proven true. But for some, feasting on the fruits of flourishing indices is not enough.