How Real World Use Cases Will Drive Crypto Growth in 2020

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In particular, two significant catalysts were the rise of crypto exchanges and the initial coin offerings craze.

Rapid accelerationThese days, crypto users are spoilt for choice when it comes to exchanges, so it's easy to overlook the seismic impact that these platforms had when they first emerged.

Once tech entrepreneurs became aware of how easy it is to create their own token, the blockchain scene - and the price of Bitcoin - exploded.

The crypto sector is unusual in that the value of the underlying technology is often perceived in line with market capitalization.

Crypto cannot live by hype aloneSince the 2018 crash, it's become increasingly evident that hype alone cannot sustain the industry.

Now, interest-earning accounts for cryptocurrency are opening up new avenues of passive income that doesn't involve pure speculation on the volatile crypto markets or an active investment strategy.

Regardless of which lending solution crypto holders opt for, the returns are generally far higher than one would get from placing funds into a traditional bank savings account.

Over recent years and throughout the crypto winter, citizens in countries including Venezuela, Argentina and Iran have turned to Bitcoin as a means of protecting their wealth from the effects of hyperinflation.

The entry of existing reputable payment firms and banks into the crypto space is critical to increasing adoption among new crypto users.

Reducing the barriers to entry for new users is critical if crypto is to attain widespread adoption.