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Topic: What’s Stopping Crypto Markets from Entering the Mainstream - page 6. (Read 1428 times)

legendary
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What do you think is the real reason Crypto is not becoming Mainstream?
It's could be a possible reason is we are still at the early age of crypto, people are still confused about what is crypto. But I am sure that as time goes by crypto is getting a lot of attention from people especially those big financial companies, they are starting to what crypto can do.
And another reason is because of the illegal doings of other people that using cryptocurrency, for example, using it to do some illegal doings, especially for buying illegal drugs. Different hacked/scams involvement of cryptocurrencies, especially in some crypto exchanges.

What I think to be the reasons why crypto will become Mainstream?
-For me, first, it is on Bitcoin, especially the block halving of Bitcoin. If we can be based on the previous, for every upcoming block halving of Bitcoin, the cryptocurrencies market cap are increasing, like a few months or a year before the halving, we can see the crypto starts to become mainstream because the market cap is increasing.
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Things may not be quite as ostentatious as they were in 2017, but cryptocurrencies are having an outstanding year. Not only has their collective market cap quadrupled since the start of the year, but they are enjoying bullish sentiment on many fronts. ( In macro look)

Whether it’s the unmistakable entrance of institutional investors into the crypto space or the fact that you can buy a latte with Bitcoin, cryptocurrencies are undoubtedly trending higher. Even Facebook, the world’s most popular social media platform, is entering the fray, introducing its cryptocurrency, Libra to its 2.5 billion users.

Consider these growth metrics for the crypto sector:

84% of respondents to a PwC executive survey are dabbling in crypto’s underlying technology, the blockchain
89% of the U.S. population has heard of Bitcoin, a 12% increase since 2017
11% of the U.S. population has invested in a cryptocurrency
34,660,975 people have created a blockchain wallet, a number that has risen every quarter since 2016.

More info and source here

Taken together, it’s clear that crypto is making significant inroads at many levels of financial and technological space. And yet, obstacles remain to crypto investment markets becoming normative and broadly accepted. Even though cryptos are outperforming every other major investment vehicle in 2019, including stocks, bonds, gold, and oil, they remain a fringe industry.


What do you think is the real reason Crypto is not becoming Mainstream?



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