With the high level of volatility and constant fluctuation in market capitalization on crypto currencies would there ever come a time we would trade crypto based on the value it has in it's self and not in exchange for fiat currency. Many countries has now adopted crypto as mode of payment but we are still faced with the issues of price irregularities. If we decide to adopt crypto fully as a global legal tender how do we deal with this price fluctuation.
This is the edge fiat and centralized currencies have over crypto and this has made so many shy away from doing legal business transaction using some crypto most especially during bear market. Can this issue get a remedy?
For now, as of this moment, what you have mentioned currently is somehow an annoying problem and flaw of cryptos in this industry. But then again, we are still in the very early stages. Ghere is still so much time and room for improvement. And if the coins today never evolve, then then some coins wii absolutely launch labelling itself as stable coin and less volatile. People are known to be capable of adapting. And with time, fixing thiese issues will be possible. Which can result into a faster mass adoption.