But then, what is uncertain is regulation, can cryptocurrency grow into a multi-trilion market without the proper regulations?
Although bitcoin is currently the most valuable coin and everyone wants to own it, that does not indicate the true value of bitcoin in the outside society. The constant volatility and easily manipulated values have made it unacceptable in many countries around the world, besides that it also makes it easy for mafia to launder money. The crypto market can only grow to a certain extent and will not be able to grow strongly because the crypto market has no laws. then only the small fish will fight against whales specializing in manipulating the value of bitcoin, in addition, bitcoin is no longer worth anything more.
Currently yes if we talk about those things up but if we just look up how useful it is specially that there is pandemic well maybe we can see that this will be a game changer in terms of profitability since by now major establishments together with stock is now at dump state and bitcoin is remaining giving a promising profit to it's users. for now the acceptance we want is not possible especially in big institutions since we cannot rely on it in terms of stability since the price is so volatile and might this is a major cause of bankruptcy if the accepting merchant doesn't know on how to handle a dumping situation.