Bitcoin's Stagnant Growth Hinders Adoption Potential

Bitcoin's growth has been stagnant in recent years, with many investors adopting a 'HODL' strategy that prioritizes holding onto their assets over using them as a functional currency. Mark Zalan, CEO of GoMining, believes this approach is detrimental to the cryptocurrency's adoption potential.

In an interview at Consensus Hong Kong, Zalan emphasized the need for Bitcoin to evolve beyond its current investment-focused narrative. He argued that true mass acceptance will only be achieved when the cryptocurrency becomes a viable means of everyday spending.

According to Zalan, one major obstacle preventing widespread adoption is the lack of suitable infrastructure. Traditional payment systems like Visa and MasterCard have dominated the market for decades, making it challenging for new entrants to gain traction.