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Consider these growth metrics for the crypto sector:
84% of respondents to a PwC executive survey are dabbling in cryptos 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 hereTaken together, its 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?
One of the most simple reasons is that the market is still too new and innovative and people do not really understand it, it is my opinion that it will take at least a few decades for bitcoin to become mainstream because it takes that long for people to adapt and get used to new technologies, however lets not pretend that bitcoin is ready to be used by billions of people, it is not, as soon as the price begins to recover the fees begin to skyrocket and that is with just a couple million of users.
What do you think it will happen if a billion people were trying to use bitcoin? So before we can see mass adoption we need the problem of scalability to be solved completely.