Post
Topic
Board Bitcoin Discussion
Re: Poll: when will cryptocurrency go mainstream?
by
fernquaker
on 10/09/2020, 12:33:08 UTC
This recent article spells out the case for why 2020 could be the year cryptocurrency goes 'mainstream'. I have included a quote that summarizes her position. However I am more interested to hear from this group what you think and why.

Also interested in hearing what other positive or negative influences going on this year not mentioned that would impact mainstreaming.

Finally, will Bitcoin lead the charge or will other cryptocurrencies provide key contributions toward mainstreaming and why?

Note: You can only vote once, you can't change your vote, and you have only 14 days to make a choice.  Grin

Why 2020 might be the year cryptocurrency goes mainstream
https://fortune.com/2020/08/24/crypto-digital-currency-bitcoin-jpmorgan/
Quote
Cryptocurrency and digital money like Bitcoin are poised to go mainstream in 2020 due to a confluence of factors, writes Catherine Coley.

There are a few factors contributing to this change, and they are important enough that Americans should be paying attention. First, government payments to individuals and businesses alike are weakening the U.S. fiat (physical cash) system. Second, large banking institutions like JPMorgan Chase are condoning and even welcoming digital currencies onto their platforms. And third, more Americans are home, witnessing the discrepancy in the market’s growth and the nation’s unemployment rate.

Many people here said that cryptocurrency is already mainstream. Well, I don't think so. They may be heard bitcoin but they don't know what it is. For me, cryptocurrency is not yet in the mainstream. It still on the early stage, like the internet in 1994. It is being used by people but not the majority. Infrastructure is not yet been fully developed, its a long way to go.