Despite the massive valuations of bitcoin, ethereum, and a handful of other cryptocurrencies, the data suggests that there is much more room for growth. With each passing year we are seeing new developments come out of the space and capture the minds and pocketbooks of people all over the world. NFTs have taken the Philippines by storm, and the bitcoin lightning network is in use by the people of El Salvador for day-to-day transactions, for example.
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Without a doubt. We have not even begun to see the network effects within cryptocurrency. The numbers we saw are rather small compared to what is out there in the traditional financial system.
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The more reason why this traditional financial system is trying everything possible not to fade off. I mean take the ECB for example rivaling the blockchain technology by trying to have its own coin too , CBDC and they claim crypto is child's play. Jokers!