Here are my brief thoughts on why we're still early in crypto adoption:
Difficulty in Transferring Money:
- Banks and online platforms make it tough to move money into crypto exchanges due to strict verification and limits.
- Buying ETFs through brokers is far easier, highlighting the gap in convenience.
- Regulation might change as Bitcoin gains mainstream acceptance, but it's uncertain.
Popularity of ETFs:
- Many prefer ETFs over managing exchanges or self-custody for quick and easy access to Bitcoin.
- As Bitcoin becomes mainstream, ETF popularity may decline, removing the need for a "convenience barrier."
In short, fund transfer difficulties and ETF popularity indicate we're in the early stages of crypto adoption, awaiting regulatory clarity and changing investor behavior.
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