I think a lot of folks are underestimating how convoluted the crypto environment is.
We are far from mass adoption, because:
- There are plenty of new concepts to understand before being able to transact in a flexible manner (wallets, exchanges, fees of different operations on different networks etc.)
- There are plenty of actors (brokers, proper exchanges in decentralized and centralized form, different projects) which cause a lot of confusion. Add on top of that that not all services are available worldwide, with restrictions in different jurisdictions.
- Fees can easily become exorbitant for any small investors. The swings in fees and the differences between different networks + exchanges/ brokers can be significant. You're getting nickeled-and-dimed (or quartered-and-dollared, when you look at certain fees
) almost every step of the way.
People can hand-wave these points away, because they've found a good workaround or combo for themselves, but that misses the point entirely: there are no one-stop shop solutions with mass accessibility, good pricing, flexibility (features and coin choice) and ease of use. Your average person is not going to dig this deep.
Most of the people out there are not tech-savy, and not financially literate, which is a really bad combination in the crypto finance space. I fit the profile of someone who should pick this up real easy: I have experience with traditional investment and I know my way around tech. Yet, I still find the learning curve relatively steep. Now, take a look at something like Youtube and Reddit posts, and you'll see people are completely lost and just grasping at the first functional solution, without knowing basic things like how to fund accounts, put in orders, move funds, how taxation works etc.