Things Hindering BTC Massive Adoption

[wahyudi]

Here are three main things that are hindering the 100 percent global adoption of Bitcoin and its immediate price spike:

1. Global regulation;

2. Only a small part of the world's population is aware of the existence of Bitcoin and understands how BTC and crypto work in public;

3. Trouble buying BTC: setting up an account on an exchange, verifying, depositing, etc.

[Jawahara]

For as long as we are yet to have global regulation, not just Bitcoin but cryptocurrency at large will keep experiencing difficulties in advancing as decentralized platform. Now, the main question is, when is regulation coming up? Without proper regulations, mass adoption will only be a dream that may not come through.

[Astra]

Here are three main things that are hindering the 100 percent global adoption of Bitcoin and its immediate price spike:

1. Global regulation;

2. Only a small part of the world's population is aware of the existence of Bitcoin and understands how BTC and crypto work in public;

3. Trouble buying BTC: setting up an account on an exchange, verifying, depositing, etc.

In general, this is so. At the same time, bitcoin never became an alternative means of payment for the current financial system. This is the main purpose of bitcoin, which it never fulfills. It has become basically a speculative medium and if it stops growing in value, then there will be a big problem with that.
The digitized currencies of states will soon be massively issued. Most likely, they will also form serious competition with decentralized cryptocurrency, and therefore Bitcoin will have even less chances to correct the situation.

[LaZim]

Why do I need an asset that is difficult to pay for in everyday life? Yes, it is expensive, but it is gold for the crypto world. But for ordinary people, this is all difficult and not clear. Many people still use paper money instead of plastic cards. This should be accepted by all people on earth, not by regulators.

[I-Bit]

The development of BTC and its adoption or utility actually have been developing during this time. So far, many broaden the adoption of BTC as payment, not only for trading or investment.

however, the challenges are too many such as:
~ Law and legality in-country
~ Not supported by some countries and banned from them
~ Closed-minded from many people in the worldwide
~ Consider that BTC has been used for crimes

Actually many people have proven that BTC is not what they think. But of course, it needs more process. Moreover, as you said that BTC is not able to see or hold. It is only a digit.

[Jawahara]

The development of BTC and its adoption or utility actually have been developing during this time. So far, many broaden the adoption of BTC as payment, not only for trading or investment.

however, the challenges are too many such as:
~ Law and legality in-country
~ Not supported by some countries and banned from them
~ Closed-minded from many people in the worldwide
~ Consider that BTC has been used for crimes

Actually many people have proven that BTC is not what they think. But of course, it needs more process. Moreover, as you said that BTC is not able to see or hold. It is only a digit.

Users are majorly scared cause of the lack of adequate regulations. Hopefully if there is actual regulation then more investors would get on.

[sampoerna]

Users are majorly scared cause of the lack of adequate regulations. Hopefully if there is actual regulation then more investors would get on.

There are already many investors in crypto, people have been attracted in crypto as its potential to gain bigger profits. No need for a certain regulation to make people come to the crypto world. Ban issues on some countries won't effect any things, as long as people still can trade it and convert to their local currencies, then it is okay.