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One of the most sensitive things in the planet is crypto and worse is shitcoins. That's why building a business model around cryptocurrency is very hard and unstable. It takes geniuses and good teamwork to establish companies like that and keep them in operation. Many startups fail in the first few years in existence and the ratio failed to successful startups is more astronomical with crypto related businesses.
But I'm among the bullish people and the optimistic ones when it comes to the overall future of cryptocurrency. I am also a big believer of stable coins. I think that if crypto adoption will happen worldwide it would happen through the utility of stable coins and not meme coins or the standard crypto coins that runs on investments, dips and pumps.
That's where crypto startups will gain an advantage. It's not necessary about getting people to buy a token, but the utility and services crypto will bring. For instance, the subject of speed in financial transactions alone is something the gives an edge for any banking system that decides to use this technology.
You can't compare speed of crypto transactions to speed of fiat. It's just like lightning and thunder. Lightning will always show up before thunder and that's how crypto will appear in your wallet before your fiat is probably processed. I think the biggest reason is because of the centralization of Fiat. It requires people to verify and people will never be as fast as machines.
New crypto startups and even platforms like Hive should put at least 80 percent of their attention on the utility of the system rather than price. If utility is high, it's just a matter of time and price follows. That's the game I see whenever I watch a crypto chart. That's perhaps why Micheal Saylor preaches Bitcoin so much. I don't think it's because he has this baseless faith that the coin will go up. I think that he's talking with the objective of influencing people to see potential in Bitcoin knowing that when that happens, it will drive price.
If we exist in a hypothetical world where Bitcoin is now money being used everywhere for transactions and trade, 1 BTC being worth over a million is too possible. If I have the chance, funding and the tech experts to build a crypto startup, I think focusing on use cade is far more important than using FOMO on social media to get people to buy a coin and then dump it.
