Mass Adoption — What Do We Need to Address?

Neither this post nor any other on cryptofal.com should be taken as financial advice. It is not.

This is an excerpt from our June Newsletter which will go live on Saturday, June 4th.

The crypto space has grown exponentially over the past couple of years. From a market cap of around $192 billion at the beginning of 2020 to a market cap that’s consistently above $1 trillion even during extreme dips, we’ve seen the crypto markets grow at an unimaginable pace. With this exponential growth comes an often more-than-healthy dose of skepticism from both supporters and naysayers. 

With that being said, the space still has yet to enter a phase of mass adoption. There are a variety of factors that could be influencing the hesitancy of individuals and companies to get involved in the cryptocurrency space. This month, we’ll be taking a bit of a look at some of the factors that could be contributing to this sense of hesitancy. 

Individuals and companies often cite both similar and different reasons as to why they feel now may not be the time to get involved in crypto. Something that you’ll hear many people say is that they’re weary of the lack of regulatory clarity. Others cite the volatility of the markets and the lack of stability. Security concerns are also often raised by both veterans and newbies to the crypto industry. On the financial end of things, you’ll often also hear the age-old trope of cryptocurrency being worthless and that it’s “not real money.”

Oftentimes, many of these concerns can be addressed with a bit of education, however, some of them are legitimate and if we want to see mass adoption, we’ll have to address these concerns and more.