While it’s true that cryptocurrency is something investors no longer shy away from, the general public has yet to fully trust it as a replacement for credit cards and cash. If cryptocurrency is to win the support of everyday people, here are four major issues that need to be overcome.
1. Volatility and Liquidity
While Bitcoin is continuing to rise in value along with other types of cryptocurrency, this is not necessarily good news for everyone. The rise in prices is great for investors, but stability is needed to see cryptocurrency gain widespread acceptance. Stability will allow cryptocurrency to become a reliable store of value. Rapid increases and decreases in price, on the other hand, will erode cryptocurrency’s ability to be widely used.
While Bitcoin, at least, seems to be becoming less volatile than before as it matures, the same cannot be said for all types of cryptocurrency. The sheer number of existing, disappearing, and new types of cryptocurrency going live is also
Źródło: https://cryptoslate.com/4-major-challenges-cryptocurrency-continues-to-face-in-2021/
