All throughout crypto social media, people talk about the mass adoption of crypto. But there are still so many things that crypto must be able to fix before mass adoption can occur. These include but are not limited to price action, scams, and hacks
The price action hurdle is that stability will help mass adoption. If crypto wants to become main stream, it needs to provide more than a get-rich-quick dream. The general public prefers stability, especially when it comes to currencies that they would use to buy food and pay bills with. Hoping that Bitcoin goes to $1,000,000 doesn't matter to the average person. Until Bitcoin and other cryptocurrencies can start to level off and become more consistent for long periods of time, the masses aren't going to want to touch it.
At this point and time, scams and crypto seem to be synonymous. If you post on social media about cryptocurrency, you might get a comment from a bot wanting you to join and Telegram scam. Threatening emails or text message might be to sent to you demanding Bitcoin. These scams are everywhere and they need to disappear or at least decrease in the amount so that the masses don't view crypto as a scam. It doesn't help that politicians also perpetuate this narrative of crypto as a scam.
Throughout crypto's short history, there have been several high profile hacks that have occurred. There was the Polygon bridge hack that saw $610 million stolen by hackers. Most of that was recovered though. In Algorand, there was the Tinyman hack which was a $3 million hack. There are several more hacks that can be talked about, but the point is, these hacks need to happen far less often then they do. People already view crypto as a scam so these hacks getting so much attention just makes the whole industry seem worse. We as a community must make sure that crypto is safer so that mass adoption can occur.
An honorable mention would be the ease of sending crypto to the wrong wallet. It's easy to do and can easily put people off to crypto altogether.
As a community we will have to push forward to overcome all of these hurdles. All of these hurdles have already been worked on, but there is still so much further that we have to go before mass adoption can be realized. Crypto could become the future of money as we know it. We just have to get to that future by working hard.
