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.
There's a huge possibility on the crypto spread in every person when everyone must agreed to used cryptocurrency as they currency.
For now, it was difficult to happen because there are some country do ban crypto by using on it so soon if maybe all of the country uses crypto they also encourage to unbanned the crypto.
It will be possible for the world to run solely on cryptocurrency , but it will require massive adoption just as we have in Fiat.
The world also need to improve on the literacy on cryptocurrency because adoption without understanding of cryptocurrency will cause a lot of harm .
Also Debunking what the mass media says against cryptocurrency is possible when the masses are educated, and non of the perceived falsehood of the media is correct.
Cryptocurrency will continue to suffer backlash from the mass media, until the issue of fraud is reduced to a bearable minimum.
There is a big possibility of this coming in the future, but in order for the general public to gain hold of cryptocurrencies the big companies should first advertise the use of it, so far the threat that obstructs big companies from investing is the fact that it is highly volatile, they can't just trust their life savings or their companies profit for example on something that could be gone tomorrow, so as long as bitcoin and any other cryptocurrencies remain volatile, it wouldn't see global usage just yet.