Post
Topic
Board Bitcoin Discussion
Re: What's preventing bitcoin from worldwide adoption?
by
Thara20
on 11/07/2022, 13:36:10 UTC
There are many causes for this, but the price volatility of cryptocurrencies is one of the main obstacles to widespread adoption. The total supply of the majority of cryptocurrencies is fixed, but due to speculation, the demand for the coins is unpredictable and constantly changing.

Additionally, despite the fact that a number of nations have recently published frameworks and laws to establish a comprehensive set of rules for the trading and use of cryptocurrencies, the majority of nations haven't offered any specific instructions on how the general public should use them. It is therefore challenging to achieve mass adoption.