When Will Crypto Be Mainstream?
Is crypto everywhere already? It is starting to go mainstream. 12 years ago it used to be just a small group of people. Now it is all over the internet. Some people might know it is just a place to invest but really don't know what it is about. And it is actually a clear sign that crypto is firmly in the mainstream of the finance industry and it’s not going away anytime soon.
Crypto then and now
You could somehow compare it to Social Networks. Myspace is an old thing that people used back then in the 90s. I've heard about it but I didn't use it. It worked, but it had limited functions. I was still too young. Also back then the internet was limited. It was hard to get online. It was also hella expensive and slow. Then when the internet was starting to get popular, other sites were born. Yes, for example facebook. People around the world started to use it for chatting, posting pictures and even playing games. this is when social networks went mainstream.
From Myspace to Facebook
What I want to tell you now here is, we crypto gang are now actually kind of in the myspace era. People are now hearing about crypto but not all of them are actually jumping in. They know it is a place to invest money and yeah also NFT. Some of these celebrities have been buying it. I wrote about it already if you want to read it click here. It is all about the hype. This is actually a good and easy way to these celebrities show people about the crypto industry. But it is still slow. And complicated. And expensive at times.
Image source pixabay.com
We are heading to the moon
So what i am saying is, we ain't there yet. We are not yet mainstream. But we are heading there. People might hear or know about it but they still don't know how it works. Some of them are users, some of them are still not sure to be part of the gang, some of them know 0 shit about it. It is all about the process. An example of a real step is, El Salvador is the first country that legalized bitcoin as a legal tender. People now can do transactions with bitcoin in El Salvador. My darling Mr.Bukele made it.But most people have no idea how this shit actually works. It is just like internet in the late 90s.
So how do we know crypto is mainstream? Well, facebook and broadband internet changed the game, and it had a billion users within a few years. Getting online and connect with others got super easy. For that moment we are still waiting in crypto. But it may come very soon.
Crypto as legal tender
Imagine more countries started to use cryptocurrencies as legal tender? The effect is that more people would buy cryptocurrencies and use it. The price should automatically go up. That would help crypto a lot going mainstream. But this could take years or so, as most people will need to learn about it, and the usability needs to improve.
Image source pixabay.com
As I said we ain't there yet but we absolutely are heading there. This is what I'm talking about when the signs of crypto become mainstream. With Mainstream I don’t mean in a bad way. There are positive possibilities about it. I also want to get my barbie pink lambo. Trust the process baby.