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?
When we talk about cryptocurrencies, we have to understand the fact that there are some like bitcoins and Etherum and these cryptos are already integrated with some of the countries on a very deeper basis and in come countries it's also legal tender therefore they are very close to getting an intrinsic value settled down. I do think you have to also address the fact that:
Volatility is decreasing day by day, like before we could have been fluctuating around 5000$ or so but right now if something like that happened the price would bounce back up faster than anything, there are people waiting around to buy at the right time.
Therefore the more it gets famous, the more legal it gets and more other things gets integrated with it, it would attain a faux intrinsic value, for sure.
The fluctuations would decrease for sure if it gets recognize all around the world, if bitcoins and other cryptocurrencies starts becoming a legal tender, it would be more or so like gold but more volatile, but still have enough value to be taken into consideration.