[1].I'd say we're in a transitional phase. Crypto is gaining widespread attention and adoption, demonstrating its potential to shape the future of finance and technology. We're not yet in a full-fledged "crypto era" where crypto is integrated seamlessly into everyday life, but we're definitely beyond early-adopter stages.
[2].I believe crypto is both the future and the present. It holds immense potential for reshaping financial systems, enabling new forms of ownership, and facilitating decentralized transactions. However, it’s also already making its mark with growing acceptance and practical use cases.
[3].Predicting the timeline is difficult. Mass adoption will depend on factors like:
- Regulation: Clear, supportive regulations will foster trust and mainstream use.
- Scalability and Energy Efficiency: Crypto networks need to handle larger transaction volumes at lower costs and with a reduced environmental footprint.
- User-friendliness: Simplifying crypto interactions is key for widespread adoption.
The full potential of crypto might take years or even a decade to fully realize.
I used to think like you: we are in a transition period, but transition means that we have already started entering the crypto era, it's just that we have not yet reached the stage of widespread adoption. Currently, BTC is being mentioned everywhere: state media, presidential candidates, members of parliament, financial news channels, the largest asset management funds in the world... For me, this is the crypto era.
Of the 3 issues you mentioned, Regulation is being improved and progressing positively, Scalability and Energy Efficiency have been conquered thanks to Lightning Network, User-friendliness is the biggest problem because crypto is still something that is difficult for the majority of people to access. I think once this is solved, we will see crypto become more widely used.