What’s Stopping Crypto Markets from Entering the Mainstream

[hoaryal1]

Things may not be quite as ostentatious as they were in 2017, but cryptocurrencies are having an outstanding year. Not only has their collective market cap quadrupled since the start of the year, but they are enjoying bullish sentiment on many fronts. ( In macro look)

Whether it’s the unmistakable entrance of institutional investors into the crypto space or the fact that you can buy a latte with Bitcoin, cryptocurrencies are undoubtedly trending higher. Even Facebook, the world’s most popular social media platform, is entering the fray, introducing its cryptocurrency, Libra to its 2.5 billion users.

Consider these growth metrics for the crypto sector:

84% of respondents to a PwC executive survey are dabbling in crypto’s underlying technology, the blockchain
89% of the U.S. population has heard of Bitcoin, a 12% increase since 2017
11% of the U.S. population has invested in a cryptocurrency
34,660,975 people have created a blockchain wallet, a number that has risen every quarter since 2016.

More info and source here

Taken together, it’s clear that crypto is making significant inroads at many levels of financial and technological space. And yet, obstacles remain to crypto investment markets becoming normative and broadly accepted. Even though cryptos are outperforming every other major investment vehicle in 2019, including stocks, bonds, gold, and oil, they remain a fringe industry.


What do you think is the real reason Crypto is not becoming Mainstream?

[GreatArkansas]

What do you think is the real reason Crypto is not becoming Mainstream?

It's could be a possible reason is we are still at the early age of crypto, people are still confused about what is crypto. But I am sure that as time goes by crypto is getting a lot of attention from people especially those big financial companies, they are starting to what crypto can do.
And another reason is because of the illegal doings of other people that using cryptocurrency, for example, using it to do some illegal doings, especially for buying illegal drugs. Different hacked/scams involvement of cryptocurrencies, especially in some crypto exchanges.

What I think to be the reasons why crypto will become Mainstream?
-For me, first, it is on Bitcoin, especially the block halving of Bitcoin. If we can be based on the previous, for every upcoming block halving of Bitcoin, the cryptocurrencies market cap are increasing, like a few months or a year before the halving, we can see the crypto starts to become mainstream because the market cap is increasing.

[audaciousbeing]

We need to understand that irrespective the exploits and grounds that bitcoin have covered in its life if existence, it's still an emerging and every factors that could be responsible for not allowing it go mainstream are just part of the challenges that needs to be faced its when that level of maturity has been achieved without any significant penetration, we can then be discussing about the factors responsible for holding of it back and not now.

[Duzter]

To go mainstream it needs to reach certain level of adoption. Right now compared to the mainstream traditional currency what we get used in terms of cryptocurrency is very small. By this time it is time for growth, we need to establish the existence of cryptocurrency and enrich the usage globally as there more countries that stand against cryptocurrencies. It takes time for Cryptocurrency to enter mainstream, and it is truly good to have it as the alternate till then.

[Lanatsa]

What do you think is the real reason Crypto is not becoming Mainstream?

-Decentralized
-Volatile

These main 2 things are the reasons why this one wouldn't become mainstream.Yes, there were some countries that do accept or adopted crypto specially Bitcoin but
still lots of countries are just still on neutral side or just simply observing if they would considerable this decentralized things to be implied into their vicinity but at least
we have seen some progress after all these years and 10 years is still young for this market and there still plenty of rooms to progress on.We cant say that this is a guaranteed thing but we can actually see some light of chances.

[cabron]

The volatility of the crypto market made its reputable not so acceptable to mainstream merchants why they are not considering it unless this is going to be globally recognized. There are reputable companies backing up the use of crypto, its really not enough to make some people even see bitcoin to be used on stores. Once we see bitcoin news and crypto rates being flash on TV like the FX market, thats the time.

[harizen]

What do you think is the real reason Crypto is not becoming Mainstream?

What's your own definition for "mainstream"? Bitcoin being used globally with no exceptions, risks, and limitations? Honestly, bitcoin is already a mainstream.

As long as the majority of bitcoin enthusiast will consider bitcoin as a "thing" that will make them rich someday, no way we can see bitcoin will act as a pure currency. Despite the big adoption (yes, I believed that was big?) in bitcoin taking place year by year, still, others take this as "early-stage" which is really not. The development of bitcoin is already can consider as a milestone. However, since people trade for it often and others hodling it, the supposed currency was primarily used as an investment. Big companies don't want the idea of a volatile currency that's why they are hesitant to accept it.

But you know, we can't blame people for that, even I.  Our options to use bitcoin as a currency is limited, at least at some places, that's why others ended up trading or take it as an investment instead.  Big companies or institutions must start accepting bitcoin for that volatile thing to minimize. We really need a whole world's cooperation for this to happen. So yes, because of that status, after all these years, bitcoin is still considered at the early stage of adoption.

[BorisWCR]

There are so many things that people of the crypto are considering, most especially the volatility of the crypto market that is keep on bringing its reputation not so acceptable to mainstream merchants. One thing that stoping them to not consider it unless this is going to be globally recognized.

[buwaytress]

OK, so the growth metrics are a little more in depth that what we're used to seeing. But really, we can't just cherry pick things like "84% respondents of a PwC survey". Who're these respondents? More likely than not, anything BUT mainstream. And what's dabbling in underlying tech of blockchain mean? If I sign transactions and broadcast them to be entered into the blockchain, is that me dabbling with it? OR do I need to create tokens and code smart contracts? And is that really better for mainstream adoption? I think the former is more important.

[Slow death]

Look at gun ownership, how many countries in the world accept that their people have a gun at home? Few countries in the world accept that their people have a weapon at home, and why do not many countries in the world accept that people in their country have a weapon at home? because they say people can use these weapons to commit crimes.

But what shows the reality is different from the argument used by many governments.

Bitcoin is in the same situation, with only a few minor differences, the argument of many governments and central banks is that bitcoin can be used for money laundering. This is because they can't control bitcoin, so they look at bitcoin as dangerous.

[Zemomtum]

For every new innovation, it is expected to react like this. Most people are still on the fence watching the big thing which is blockchain technology. This will surely enter the mainstream in view yeard ahead when it is globally accepted because that is where blockchain technology is driving to

[imstillthebest]

For every new innovation, it is expected to react like this.

you mean reacting in a negative away ? still depend on the new thing  . if its a new model of gadget for example  , some will love it because it is expected to have a new feature but this can be bash by some because the new model maybe have a bad design  . the same thing can be applied on the cryptos and on the blockchain   . both stuffs are new and have advantage but they do have also disadvantage which can be a concern by conscious consumers .

thesedays i think blockchain and crypt are now mainstream or are close to mainstream because they are way too popular . media and big people are talking about them  .

[TheUltraElite]

For every new innovation, it is expected to react like this. Most people are still on the fence watching the big thing which is blockchain technology. This will surely enter the mainstream in view yeard ahead when it is globally accepted because that is where blockchain technology is driving to

Those who know how blockchain technology works would rather get involved. If you have been to any crypto meetup you would see the same. Many venture capitalists come there to meet up with project developers and other investors to take part in projects of their liking. Not that all of them are going to to be good but its a bustling market there. But thats more of a niche group even if they are big-cap investors.

Many countries have made blockchain technology to be accepted but bitcoin to be made illegal. These type of stance makes things worse for entrepreneurs.

[shield132]

Compared to every old currency (silver, gold, fiat) crypto is adopting very quickly, does 11 year mean anything for currency? We were implementing previous currencies for decades and if you compare them to bitcoin, there is huge improvement in every aspect.
There may become mainstream or not, it fully depends on what people wish in general and governments also, if we want to print money forever and then pay for government debts, then there is no way it will happen but for economical development, we really need cryptos.

[CryptopreneurBrainboss]

What do you think is the real reason Crypto is not becoming Mainstream?

Lack of trust, would be the obvious answer but when you come to think of it, bitcoin has already done quite well for itself over the years. It's steadily becoming a house hold name in just 10 years of existence. The like of bitcoin bonds, future contract trading and soon to be approved "ETF"are already mainstream material. Which means bitcoin is becoming mainstream as the day passing by.

Although bitcoin isn't yet where we thought it'll be by now, it success story has proven there's more room to achieve even more greater success, which achieving the mainstream attention is one of does. The approval of ETF could take the currency to another whole level of success. Let's give it (bitcoin) more time to continue proving its worth, maybe more 10 years.

[Kemarit]

What do you think is the real reason Crypto is not becoming Mainstream?

Lack of trust, would be the obvious answer but when you come to think of it, bitcoin has already done quite well for itself over the years. It's steadily becoming a house hold name in just 10 years of existence. The like of bitcoin bonds, future contract trading and soon to be approved "ETF"are already mainstream material. Which means bitcoin is becoming mainstream as the day passing by.

Right, even though Bitcoin has gone and passed it's infancy stage at 10 years of age, people are still not sold because of the negativity it has accumulated throughout the years, specially coming from media, and one of them is trust.

Although bitcoin isn't yet where we thought it'll be by now, it success story has proven there's more room to achieve even more greater success, which achieving the mainstream attention is one of does. The approval of ETF could take the currency to another whole level of success. Let's give it (bitcoin) more time to continue proving its worth, maybe more 10 years.

Give it some time to mature and yeah maybe another 10 years so that people can grasp was Bitcoin can really bring to them before we can take off. The next decade will be critical, maybe we see ETF's or instituional money coming in or just casuals and average Joe or even merchants are going to experiment and play with Bitcoin and maybe adoption can be meet, hopefully.

[Muzika]

What do you think is the real reason Crypto is not becoming Mainstream?

Simple answer...
THE GOVERNMENT
well, that's the case in some countries. Also, the media has a big part of it since they portray crypto as a negative thing. They don't highlight its' advantages. What I hate the most personally is when they use "Bitcoin: Used to purchase drugs and guns" and at the same time they don't realize USD can also be used to purchase drugs and guns lol 

[bozo333]

Global adoption over the cryptocurrencies and making the government into complete e-governance technology only can push the crypto market into main stream. If this not happening means we cannot find the crypto markets in mainstream.
I suggest to Government employees and politicians to pick the cryptos to help their government and boom for their citizen.

[virasisog]

The financial system is extremely fragile , i guess the main reason why is the issue of security. Crypto has faced many challenges and bad news but
Education is always one step at a time. As we all know Cryptocurrency and Blockchain is just on the early stage as of now.

[lottoitaliano]

Mass adoption is still dream.
We have too much ¨old people¨ in this world, bank system is still best option for a lot of them.
Soon new generations will change it, it takes time.
In Crypto this time could be only a few years, but to have actual economic situation took many many years!