Anyone involved in cryptocurrency dreams of the day when crypto “goes mainstream.” It’s a day we all fantasize about: CNBC runs crypto prices right alongside stock prices on their tickers; coffee shops accept payment in crypto; your bank accepts crypto deposits in the same account as your cash deposits; retirement accounts are diversified into crypto; and paychecks are given out in the form of crypto or fiat, whichever you’d prefer.
Are we there yet? Surprisingly, we’re getting close. A few years back in 2017, we saw Bitcoin break into the mainstream culture for the first time. The price meteorically rose to around $20,000, CNBC analysts were talking about Bitcoin, and average people were trying to figure out what was going on. Those of us who were around then remember what happened next: Bitcoin’s rise didn’t have staying power, the price dramatically fell, and most people moved on from talking about cryptocurrency just as fast.
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