Quote from: teosanru on July 16, 2020, 01:05:16 PM

Quote from: cryptoboy007 on July 16, 2020, 12:58:05 PM

The entire cryptocurrency market capitalization is a toddler when compared to the global markets like the stock market and the commodity market. considering where Bitcoin started, the whole ecosystem have come a long way since the past decade.

Bitcoin has been the dominant cryptocurrency for long now, I think that could change in the future. For the market to grow large and compete with global market, its becoming clear that other cryptocurrencies might rise to compete with the Bitcoin's marketcap. Top players from the traditional market need to get involved in cryptocurrency and issue decentralized products, the space need a lot of attention at this time. Such close competition could be setting the stage for a multi trillion crypto market.

But then, what is uncertain is regulation, can cryptocurrency grow into a multi-trilion market without the proper regulations?

Not as a mainstream economy for sure. Moreover to my surprise global markets look pretty stable now. The whole aura of huge market crashes and big depression is almost gone. People are thinking that recession's over. Talking about bitcoin Adoption would be possible only if we start to use bitcoin as a currency. But I don't see it's inherent problems getting resolved. The scalability and high fees issue still remains the problem. LN is just a dream we are taking from past 3 years. There is no reason why I think cryptocurrency market go mainstream in the next phase at all. Once while bitcoin was trying to fetch more capitalization in global space now is fighting in terms of capitalization in crypto space itslef.

Of course, crypto cannot be the mainstream economy of any country. Cryptocurrencies can be regulated and treated just like the other present assets such as gold, shares etc.Moreover, it doesn’t appear like the global markets are stable. The situation is still challenging. Crypto market appears as a safe space for investors and traders at the moment.

Also, Bitcoin adoption can be achieved in the terms of asset holdings by the people and not something that can be used as a currency because of its high volatility, low scalability and other such factors.