I am just wondering would it be possible in the future for the world to run solely on cryptocurrency? Considering that right now there are many people from different walks of life who are using cryptocurrencies in their day to day life. I think right now one of the main limiting factors for world-wide cryptocurrency usage is the worlds governments who make restrictions on cryptocurrency usage. Moreover, I also think another factor in limiting cryptocurrency usage is a lot of peoples lack of understanding of cryptocurrencies as it is a rather new technology to most people.
I think that we can solve most of these problems by educating people about cryptocurrencies and debunking what the mainstream media have done to slander cryptocurrencies.
I honestly think that if these issues a solved then we will probably have more people to use cryptocurrencies worldwide.
What would do you guys think, Im just speaking (posting) my thoughts over here. Feel free to correct me if I am wrong. I just rather optimistic about the future of cryptocurrency usage in the future.
It can be realistic if this will be supported by the government, because many countries ban cryptocurrency. So, even though there are many people using cryptos if there is a barrier, the crypto will only revolve around the countries that are able to use cryptocurrency freely. You're right that we should be optimistic about the cryptocurrency in the future. Surely the cryptocurrency will be recognized by a lot of companies and could easily be used as digital cash or currency like what happened to bitcoin it was already use in a few companies as a payment method.