The problem with crypto is that it has no fundamentals. It can't be traded for a fixed amount of goods. BTC's bubble was due to price manipulation. Crypto prices have been falling overall because the market for crypto is saturated. The "killer app" for crypto is replacing credit cards and no crypto can come close to regular currencies ' liquidity. To what extent consumers will adopt crypto is in doubt because of the lack of a performance guarantee currently offered by credit card companies for the future. If you use a credit card to make an internet purchase, the merchant has to deliver or give a refund. This isn't a problem for groceries, haircuts and the like, but how large is that market? That may very well be the only type of market for which crypto is suited.
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Dear @rufusfirefly, thank you for visiting this publication and leave your comment.
I believe that cryptocurrencies face a large number of problems and perhaps that has prevented the massive adoption of it, but it is also true that it has had a great impact that grows over time, so we accept it or not this will continue to take its place in the commercial world.
I am grateful to know your opinion on this subject, it is very valuable for me to collect different points of view and appreciations around the cryptocurrencies.
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Pr EV
I meant to say "fundamentals," not " foundations." Thanks for taking the time to read and respond to my comment and for your open mind.
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This good friend, thank you for leaving your comment and read my publication.