 | The total market cap of crypto is only around $ 1trillion, even though some coins may some day become serious competitors to the classic stocks, precious metals or even national currencies. This means that Crypto still has unprecedented potential. But how it will achieve this potential, when this could happen and just how large the returns could be? THE FIRST STEP to achieveing crypto's full potential is AWARENESS and EDUCATION. This is simply because crypto can't receive investment or achieve adoption if nobody knows about it. It also can't receive investment or achieve adoption if people don't understand the technology behind it, how it works or why it's valuable. Of course, in terms of being valuable, us people are the reason it has a value, it's because WE give it value. Now, all of this falls into THE SECOND STEP to achieveing crypto's full potential and that is, even if some of you might hate me for it : REGULATION! This ties into awareness and education because regulators need to be aware of and educated about crypto in order to write good regulations. Good regulations will mean a far greater adoption and will allow institutional money to flow into the crypto eco-system. Institutional investors also need to be aware of and educated about these regulations, which relates to THE THIRD STEP to achieve crypto's full potential and that's INVESTMENT, specifically investment from institutions and high net worth individuals. Of course, these entities hold most of the world's wealth, this is the consequence of having currencies whose supply is being manipulated by people in power. And this takes us into THE FOURTH STEP into achieveing crypto's full potential and that's... adoption! Now, for reference, it's estimated that less than 5% of the world currently holds crypto. This of course implies that, if more people choose to hold crypto, its price should have a great deal of upside potential. But of course, holding crypto is not the same as using crypto. The former essentially constitutes investment, while the latter is actual adoption. So, THE LAST STEP to achieveing crypto's full potential is... full decentralization! Make no mistake, without decentralization, everything that I just mentioned is off the table. That's because, if crypto is centralized, then it can be controlled and if it can be controlled, it can end up like the existing systems we have. The entire original purpose of crypto is to replace the existing systems we have with something better, starting with our monetary and financial systems. Naturally, the technology that underlies crypto is extremely powerful. The only way it won't fall into the wrong hands is if it's truly decentralized. Now, as you can see, markets are slowly but surely gaining momentum & trust back in the crypto space. What are your opinions about it? What's the future gonna bring us? Can't wait to hear your opinions! [link] [comments] |
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