Forbes article explains "what's preventing Bitcoin from going mainstream"

31 Mar, 2019 | Updated: 31 Mar, 2019
by David Robb
Opinion
Forbes article explains what's preventing Bitcoin from going mainstream

An article in Forbes explained some of the reasons why Bitcoin still hasn't gone mainstream. The analysis was taken from a panel discussion at the recent 2019 MIT Bitcoin Expo. 

Zap wallet creator Jack Mallers compared use of digital payment systems in China compared to the U.S, claiming that the problems are more on a general cultural level, as opposed to any underlying issues with the technology: "there’s a serious mental barrier that needs to be broken down as far as people’s relationship with Bitcoin and the asset itself. They aren’t comfortable holding it. They don’t look at it as very useful. They look at it as highly speculative... I think that’s a way taller obstacle than the technology itself".

Read more: What could make Bitcoin go mainstream again?

According to Pierre Rochard, the founder of LN system Lightning Power Users, this is a problem that can be solved by teaching the general public more about the potential of Bitcoin and other cryptos, and the financial system in general: "It's largely education...People just didn’t understand it. They didn’t understand why it’s valuable. They didn’t understand how to use it. And so, I think we just need a lot more".

Read more: Crypto Twitter is bullish on Bitcoin; BTC to $5750 next?8 experts on Bitcoin: these are the latest price predictions and opinions

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Read more about: Bitcoin (BTC) Forbes

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