Why do people hold ADA? Most people see cryptocurrencies as an investment, which is why they buy them. Changing perceptions can be difficult as it requires a change in thinking and seeing things in a broader context. If cryptocurrencies are to succeed, it is imperative that people’s perceptions change. We dare say that this is one of the biggest obstacles to adoption. It must be very difficult for newcomers to get to grips with the different views of what exactly cryptocurrencies are. Moreover, it varies considerably from project to project. We certainly won’t tell you precisely what ADA is, as opinions can be subjective. We believe we can convince you that it is not just an empty investment.
TLDR
- For newcomers, cryptocurrencies are not money because they follow charts and perceive the value of things in fiat currencies just like the majority of the population.
- Cardano, together with algorithmic stablecoins, can be an independent monetary system with its own payment networks and financial services.
- ADA might not necessarily become a medium of exchange, but as a reserve currency or medium of decentralization, it can play a much more important role.
- People should see the ADA as the key to freedom and the ability to control the technology they will use to connect financially with the outside world.
This article was prepared by Cardanians with support from Cexplorer.
Read the article: https://cexplorer.io/article/why-hold-ada