BlockTower Capital CIO Gives Fresh Perspective On Global Bitcoin Adoption of Crypto Assets
Even though the crypto community has been around for more than a decade, the crypto-verse has not made much progress when it comes to mass adoption. This is despite the relentless efforts being applied by the crypto-community to further the global adoption agenda. The reality is that many people across the world are still not well-versed with cryptocurrencies.
Some do not know what cryptocurrencies are, what they do, or even how they work. BlockTower’s Capital CIO, Ari Paul recently took to Twitter to try and justify the crypto verse’s current position. He stated that it would come as a shocker to him if global adoption of cryptocurrency actually came to pass.
Ari Paul’s New Stance on Cryptocurrency
While responding to the worry being raised by the community on the slow uptake of crypto, he stated that cryptocurrency was still in its early stages. He compared it to a moment in time when the internet was first invented in 1985.
According to Ari, there is a need for the public addressed to be abstracted for crypto to be adopted by mainstream society. Customers will need to be provided with better user experience, as well as trustworthy and easy custodial solutions for the adoption process to kick off with ease.
In his view, he believes that the situation will become worrisome if crypto consumers of all age-groups are not able to easily use crypto within the next few years. Paul concluded by stating that even though the crypto community has tried to achieve this on all fronts, there is still a lot that needs to be done.
The crypto-verse has for the past few years been working on all the above-mentioned fronts to try and ease adoption. As the situation stands, some progress can be seen, as the efforts already applied have started to pay off. But the truth is that it will take some time before any actual progress can be seen on this front.
Ari holds that it will not be long before the crypto community starts to notice the emergence of horizontally integrated cryptocurrency transfers. These are transfers that will be made between the dApp interfaces, the custodians, the trading software, and the exchanges.
As an active participant in the crypto community, and as an investor, Ari states that he would like to get in before this particular transition starts to occur. He believes that when the transition occurs, it will probably end up being the biggest and most valuable wealth creator in the crypto-verse.
Today, active participation from foundations and the cryptocurrency community has helped spread knowledge about digital assets and decentralized currencies. These efforts have helped highlight the benefits that can be acquired by using this kind of assets. In the process, the community has helped to influence a few governments and states.
Some of these governments and nations have formulated laws to help govern crypto use in their territories. But the truth is that there are others who have not been impressed with the idea and have downright dismissed it.