…it’s that crypto is still FAR from being mainstream.
Since splitting from my ex I’ve jumped on the online dating bandwagon and had lots and lots of conversations with women from all walks of life; professional women that work in the city to single mums to hairdressers to teachers etc.
One thing that struck me was that hardly any of them had even heard the term cryptocurrency, let alone know what it is.
If they’ve never heard of cryptocurrency then I mention Bitcoin and I’d say probably 50% then go “oh yeah I’ve heard of bitcoin” but many still don’t know what it is.
I went on a date last night with a girl who works for a major bank. She works in risk, but previously worked in fraud. I mention cryptocurrency…nothing. Blank stare. I mention Bitcoin, and her response was “oh I’ve heard of that, it’s bad isn’t it? Used for lots of money laundering.”. Or something to that effect.
She works in a major global bank, and doesn’t have a clue about any of this. The only thing she knows is that it’s ‘bad’.
I just thought it was worth sharing because sometimes we can get caught up in this world and not realise just how early we are. If anything it makes me more bullish, because once the world wakes up, things will start to get really interesting!
Getting a lot of replies along the lines of “normal people don’t need to know about crypto for it to be mainstream. People don’t need to understand underlying technologies in order to use things.”
I think most of you are missing my point. I never said people need to understand blockchains or smart contracts. I never even said they need to understand how cryptocurrency works at all. My point is, most people still haven’t even heard of the term, let alone understand it.
I wouldn’t expect most people to understand how WiFi works, but I would expect them to know that it allows them to access an internet connection, or that it’s ‘wireless internet’.
Therefore my point is, that if people have only just heard of Bitcoin (and still think it’s just used for money laundering) we’re a LONG way from cryptocurrencies being in daily use, whether that’s as currencies used for day to day transactions or as a major asset class that the average joe invests in just like they might do with stocks and shares or bonds.
I wouldn’t expect many people to be able to explain in depth how the stock market works, or what the FTSE 100 is, but I can bet you they’ve heard of it and have a very basic understanding of what it is.
Some of you are assuming that I’m not getting laid or I’m unsuccessful in dating because I just talk about crypto. Both are false assumptions. Let me just say that there is more to dating than just getting laid, and some girls actually enjoy intelligent conversation. /s