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RE: How Close Cryptocurrencies Are Towards Mass Adoption
There are a number of assumptions that go into any predictive model about future human behavior. Full disclosure - I have gone into cryptocurrency in a big way. I have to constantly be on guard for confirmation bias. I want it to be true so I believe anyone who confirms my belief. I think beanstalk did a great job of explaining the acceptance of technology as a predictor of future value. My greatest fear is a hostile US government going after bitcoin if they perceive it as a threat to the economy. Without government interference I think there is a high probability that we will see mass adoption of cryptocurrency by the entire world.
Confirmation bias is something I try to keep in mind, too. It's impossible to have objective opinions when you've invested in something, all you can do is keep this in mind and look at the data (both good and bad). I actually think Bitcoin and other cryptos will be on a steadily downward trend (wrote about it in my previous articles), which I don't want, but that's where I feel it's heading in the short term.
As for government interference:
I can only hope that by the time they get involved there will be no doubt that cryptocurrencies aren't going away. Many new cryptos are also willing to work with governments and regulators, so there is hope it will integrate well with the current system, while also improving upon it.
The establishment is almost bound to try and stop the blockchain. It is a threat to them. That's why I think Ripple is going to spike high, because it's more centralized, more easily controlled, and it helps big banks transfer money on the cheap... and wouldn't you know it... Ripple is #2 on https://coinmarketcap.com/all/views/all/
I think it will easily overtake Bitcoin.