So, what should we do? Is there a reason to just sit and wait for cryptocurrencies to grow? I believe there is none. The only possible solution is that people actually start using crypto in their everyday lives. The number of crypto transactions should amount to hundreds of millions a day. Then, and only then, will cryptocurrencies grow in price.
People, you know, are mostly conservative, so it will take some more time for crypto to be massively adopted than we expect.
Hu dreds of millions transactions a day, you say? That's possible only in case at least 50 million people actively use crypto for their payments. How many active wallets are there now? Around 30 million? And how many real users own thise wallets? 5-10 million?
What I mean is that we just have to give some time (say, another 5 years) to the world's community to realize the advantages of cryptocurrencies..