The cryptocurrency market’s persistent volatility stems from a fundamental mismatch between what investors expect blockchain technology to accomplish and what it actually delivers today, according to Dom Kwok, co-founder of the blockchain developer platform EasyA.

Kwok’s analysis arrives as Bitcoin trades near $83,000 following a turbulent week that saw the leading cryptocurrency plunge to a multi-week low of $80,400 before staging a partial recovery. The broader market shed roughly $200 billion in value during the selloff, with total crypto market capitalization now hovering around $2.8 trillion, according to CoinMarketCap data.

The disconnect between price action and industry progress has become a defining feature of the current…