Crypto should not be an asset that is purely used for trading!!

[zeosX]

crypto will be the future of currencies. i think back in the days, people have tried to use gold and silver for purchasing everyday goods, but since it's too heavy, they moved to fiat.

The problem now is that there is too much of crypto exchanges to make people perception of crypto as a speculative asset, it's not even an asset, it's created to escape from fiat.

i think crypto true purpose is used for transactions. if we can't even use it to buy a coffee, how we can expect it have mainstream adoption?
And keep praying that SEC will get approved or bakkt will be launched? do we really need all these if crypto is used for everyday things?

then it will just be like another gold or silver, no different. Might as well we travel back to the 80s.

[Abusadeeq6]

I agreed with you, crypto has potential of becoming the Currency that everyone will love to transacts. But it's has to take time before this happen

[Ghozrd]

I don't see the similarities between gold, silver and crypto.
both are different because crypto has no real form.
for the crypto price there is nothing to set it and the price keeps changing, I agree with you if crypto returns to its first destination for the transaction I think it must get permission from several countries.
I hope the SEC approves some proposals about Bitcoin ETFs

[ivanleon]

Of course, over time, certain cryptocurrency assets will be used to pay for purchases in everyday life. But whether it will be Bitcoin or Ethereum. These coins have brought blockchain technology to the world, but they will remain a subject for trade and investment. For use as money, digital coins will be issued that will be tied to Fiat money or consumer goods, unless, of course, something changes over time.

[xeroz]

~snip~I think crypto true purpose is used for transactions.~snip~

All crypto enthusiasts must hope to use crypto currencies for daily use. I agree with you that these currencies basically are created for transaction purposes. However, there are some obstacles that should be fixed firstly to make it to be true.

~snip~I hope the SEC approves some proposals about Bitcoin ETFs

I don't know what we can do except praying that SEC agrees with ETF proposals. But I think we must do more efforts to push SEC for accepting the proposals. On the other hand, I am still doubt whether ETF proposals can recover the market condition or not.