When I see news of the government fighting & trying to stop the growth of Cryptocurrency it makes me think about the future of money. No one can truly control what is not on their hand but they can limit the growth. In the past 4 years, Crypto has experienced exponential growth in the number of users and holders and the number will continue to grow.
Bitcoin came and opened the way for a new technology. But I am seeing Bitcoin stepping down from being the number 1 on the market cap in the nearest future. Money in its form needs stability.
The history of money from the stone age decides the price of anything. In 2018, I transferred Bitcoin from my wallet to someone and I used a tiny charge on the Bitcoin.Info wallet. It took over 3 weeks for the deposit to reflect because of the little fee and when the money finally dropped into the wallet, it was below the amount and that turned into a disagreement.
Most of us would have experienced this and the adoption of cryptocurrency in companies will need stability. $50 should be $50 and this is only possible through stablecoins. The future for full adoption of cryptocurrency lies In the power of stablecoin and I think it will mostly be algorithmic and dollar-backed. Blockchain enthusiasts would much like to invest in algorithmic-backed stablecoin. While industries and centralized organizations will like to use dollar backed because it solely depends on the number of dollars in the distributor’s account or vault.
The full adoption of Cryptocurrency will definitely come but I see coins like USDT, HBD, Dai, BUSD, and the rest doing great in adoption.