There has been a lot of speculation regarding the lack of crypto mass adoption. 2019 is expected to be the year in which the crypto space will see the mainstream adoption of crypto, but a lot of voices in the cryptosphere are wondering why it has not happened so far.
Litecoin’s founder, Charlie Lee talked about this subject and addressed the missing piece that would enable the achievement of this important target.
Practical utility for the digital assets
During an interview with the Wharton School of the University of Pennsylvania, Lee said that practical utility is the element that delivers digital currencies to the masses.
“… I think in the future you will be using cryptocurrencies in your daily lives, and you may not even realize it,” he said.
He continued and explained that “If Bitcoin really does become as ubiquitous as money, it will have to be easy to use. It will be very different from what we are doing today. Who knows what devices we will be using, but you could be spending Bitcoin, buying stuff, and you wouldn’t even know it. You may not even call it Bitcoin. It might just be money.”
Other speculation coming from Changpeng Zhao
Other essential voices in the crypto space have been saying that the element which could trigger mass adoption of crypto.
Binance CEO Changpeng Zhao said that we are out of the crypto winter and the FOMO mode has been activated among the big investors.
“The fact that the price can go up so quickly means that there was a lot of money waiting to buy Bitcoin. And they were fearing missing out – the FOMO mentality. So the fact that the price can go up so quickly means all that money was ready, which means that people still have a lot of confidence in this industry,” CZ said as reported by The Daily Hodl.