What Does Mass Adoption Mean Relating to Crypto? Experts Answer
Max Yakubowski's original article for cointelegraph.com reduced by 79%
We reached out to experts in the crypto and blockchain industries, asking them their opinions about the meaning of mass adoption relating to crypto. Mass adoption as a store of value is different from mass adoption as a payment method, or mass adoption of smart contracts, or NFTs , etc. While we aren't at mass adoption of any of these categories yet, we are certainly past the point of "Mass awareness" in at least a couple.
In order for us to say that mass adoption of crypto has begun, in my view, individuals need to be able to access, purchase, hold and use cryptocurrencies without having to understand what a digital asset is, just as nontechnically sophisticated people can use cell phones without understanding how they work. Mass adoption means governments globally have created an enabling environment for blockchain and cryptocurrency to flourish or adopted the technology in their own practices, whether it's blockchain-as-a-service for intergovernmental transactions, BTC or ETH-based futures contracts or central bank-issued digital currencies. In an organic adoption cycle, the man on the street discovers a great idea and spreads the word, accelerating adoption in the retail segment.
With all three segments now on the adoption curve, we are beyond the inflection point of mass adoption.
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