Re: Bitcoins and other cryptos will never become mainstream before...
I think it's too early to say that crypto will not become mainstream, of course cash is still king, but there are some countries that accepts bitcoin as a payment method and uses LN for that. But it seems that your argument though that bitcoin will be like replacing cash, it will not happen in my opinion. At least give bitcoin a decade to progress, we barely touches the surface as what it can do, and it is still in it's infancy and very young.
If we compare it to the internet, it's the same process, no one wanted to touch and adapt it. But when they realised it's potential, it suddenly exploded late 2000. Same thing with Google, and other technologies that were not adapted early, but now it is part of our lives.
If we compare it to the internet, it's the same process, no one wanted to touch and adapt it. But when they realised it's potential, it suddenly exploded late 2000. Same thing with Google, and other technologies that were not adapted early, but now it is part of our lives.
New technologies take time to develop until they're mature enough for mainstream use. It's only been 15 years since BTC came to the world. I'd say there has been impressive results within such a short amount of time. We've seen some countries going as far as accepting BTC as legal tender. Not only that, but institutional investors are also considering pouring lots of money into crypto.
With spot ETFs approved in the US and abroad, Bitcoin is on its way of replacing Fiat currencies in the future. Or at least, eliminate the need for paper money. Just buy, "hodl", and forget about the rest. Who knows if early adopters (like us) will strike it rich in the future? Just my thoughts
