He feels Bitcoin might need such solutions, even with the coin in a store of value role.
The cryptocurrency adoption rate is hard to research because of the private nature of cryptocurrencies. Still, there are some things that can be established about what may be slowing down cryptocurrency adoption. As a lot of blockchain platforms have stated, cryptocurrency awareness and education are not yet high enough to lead more people into the industry. Some people don’t even know what cryptocurrencies are, some lack the information about what it may be used for and some see no benefits of it at all. But people well-educated in cryptocurrency do have their own doubts about it, as cryptocurrencies have shown a lack of stability. Cryptocurrency investments and its use as a payment tool is associated with risks. There are also some government events that slow down cryptocurrency adoption, with governmental restrictions on the use of cryptocurrency for businesses and financial institutes.
Banks in many countries continue to either outrightly deny or limit their services to crypto exchanges.10841
Wirex and the Stellar Development Foundation emphasized that age is “no barrier to adopting blockchain technology.”8588
DeFi's getting a makeover as multiple platforms unveil new front ends, but will the efforts attract users?8773
Widespread institutional adoption, favorable regulation, and the growth of North American crypto mining are just some of the themes Michael Sonnenshein believes will materialize in 2021.9679
Central Bank Digital Currencies, or CBDCs, will likely affect Bitcoin in some fashion.3956
Could Bitcoin's blockchain handle full mainstream adoption?3023
Have major events throughout Bitcoin's history impacted its price?8367
The crypto-finance company reported a 275% annual increase in assets under management in 2020.6110
The U.K.'s National Health Service will implement an IoT solution built on the public distributed ledger network Hedera Hashgraph in order to monitor the storage of its COVID-19 vaccine supplies.6760
Bitcoin could be part of a basket of reserve alternatives to the U.S. dollar, according to Stephen Harper.33066
Real-world applications and users, not institutional investors, will challenge the failing fiat currencies and increase Bitcoin adoption around the world.17640
To attract and retain the interest of institutional traders, we need advanced risk management tools that can maximize gains for investors.24156
The yuan is not seen as a major currency. Could digitizing it change that? China is breaking new ground in the Shenzhen region and beyond.15744
Another way to buy Bitcoin in stock form has surfaced.57995