When we can expect mainstream adoption of cryptocurrencies?
This is very important question and one of the most frequently asked questions.
Here is my opinion
I was trying to research a little bit. I will share my opinion based on Andreas M. Antonopoulos speach.
If we look back in the past, there were 2 great revolutions. In the 16th century, we had 1st revolution. Gold was replaced by piece of paper. Yesterday you were paying with gold and tomorrow you will replace gold with peace of paper! It was huge change in our history. After 400 years, in the 20th century we saw big mainstream adoption of paper money. So, it took 400 years!
In the 1950s, we had 2nd revolution. Paper money was replaced by debit cards. First, gold was replaced by piece of paper and now piece of paper is going to be replaced by money that is hidden in piece of plastic. That money is not even visible. You get your salary that is not even visible and you have to trust your boss that your money is on your card. According to Mr. Antonopoulos, even in the 1990s he wasn't able to use his debit card in most of european countries. So, this revolution took 40-50 years!
We have now 3rd revolution. I am not even thinking that this is going to be banned. This will be widely used but the main question is when?!
Guys, please understand this. If they think that bitcoin is dangerous, it would be banned! all banks are controlled by small group of people. Most of crypto exchanges are actually banks. So, if they want to block or ban crypto, it would already happen! They are buying more and more and once they own more than 80-90% of BTC, it can be used in everyday life! They will own more then enough to prevent huge volatility and cryptocurrencies will be broadly used!
For this adoption, we have everything we need. We have internet, we do not need to make new technology that will allow this technology to be adopted.
Adoption won't follow the price, price will follow adoption!
So, maybe 3 years, maybe 5 years but it will happen. Do not miss the opportunity!
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