After doing my research, I found that as of August 2018, there were over 1,600 cryptocurrencies. Presently, I'm sure that there's a great increase in the number of cryptocurrencies. This is because almost every time, new cryptocurrencies are created. With this and some other improvements, it is obvious that the Blockchain technology is really spreading. However, a lot of people have little or no idea about the Crypto world.
I was really surprised when I realised that only about 8% of Americans own Crypto money, and they are mostly men.
Some say that the Blockchain technology isn't really going as far as it should because most users don't really confide in others.
What do you think is the reason why the Blockchain technology isn't adopted as fast as we suppose it should?
First, blockchain technology and cryptocurrency are two different things, when people talk about blockchain they often mean a private blockchain with small number of participants.
As for cryptocurrencies, the fact that there's so many of them doesn't mean that "blockchain is spreading", it takes very little effort to create one - just copy some code, change some variables and you are ready to go. Or just create a token on ETH network. Big supply of cryptocurrency doesn't mean that there's big demand to match it, and you can see it by how how many altcoins have died already.
The reasons why crypto isn't getting adoption are volatility, lack of security for users, undecided legal status for businesses, and also people simply don't care about inflation and government/bank control over their money.