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?
Unfortunately, it is unlikely that this problem will be solved in the foreseeable future. You probably noticed that the prices of cryptocurrencies are not controlled by the demand and the community and the big players, the same big crypto exchanges and investors. Based on this, they are unlikely to give up the opportunity to constantly make a profit, both with an increase in the price of cryptocurrencies and with their fall. To solve this problem, it is necessary that there are no large holders, and the cryptocurrencies themselves are distributed as much as possible around the world. Then the price may appear and will depend on the value of a particular cryptocurrency.