Clay Wilkes shares three factors impacting cryptocurrency and ways to overcome them
Cryptocurrencies’ future depends on three barriers that are impacting its efficient market allocation.
Scale: Cryptocurrencies haven’t yet scaled to achieve price efficiency.
Rational investors: Investors today might be lured by the hype or the get-rich-quick possibility instead of standing behind the need for a universal currency.
Absence of “sellers”: Without a critical mass of merchants and other payments recipients that accept cryptocurrencies and convert those cryptocurrencies to fiat currencies, the cryptocurrency market remains a one-sided demand market.
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