Reasons Why The Crypto Dream Is Turning Into A Nightmare

Lack Of Trust

The main reason why people don’t trust crypto is that they don’t understand its value. They think that it is completely worthless because they can’t touch it. This limits the potential of cryptocurrencies because there is a smaller pool of buyers. They note that the energy consumed by mining coins costs more money.

Then there is a lot of fearmongering because of the recent scandals. Most ordinary citizens don’t trust crypto because that’s what they hear about. They’re not interested in reading articles with technical jargon about its merits. Instead, they see the bad news and that’s all they worry about (via Medium).