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?
If feel like if crypto stopped being looked at or have value from fiat, it would start to lose its popularity at least in the current state of the finical systems, the may reason why so many people have started using and get interested in it is because it has a real high value when exchanged to fiat and its highly volatile which means that a lot of people see it as a way to make a lot of money fast, and that idea has become more and more the mainstream, and people forget what crypto is based on and what it is about, and to be honest i don't think there is a way to control this volatility and it has to stay that way otherwise there will be no difference between it and other currencies controlled by governments.