Could Ethereum Reach Massive Adoption By 2020?

The founder of OmiseGo strongly believes that Ethereum has a very bright future ahead of it, especially in the following two to three years.

Last year was a rollercoaster, not only for Ethereum but for almost all major cryptocurrencies and projects that are based on the blockchain. ICOs and token sales successfully managed to gather billions of dollars which is far more money that crypto companies raised from actual, accredited investors. Ether managed to increase from $10 to a whopping $1.500 in only 12 months.

The founder of OmiseGo, Hasegawa says that the correction on the crypto market is ongoing and has helped the market to create new products and deliver scaling solutions in order to go through the next price rally.

Last year in November, Vitalik Buterin said: “So total cryptocoin market cap just hit $0.5T today. But have we earned it? How many unbanked people have we banked? How much value is stored in smart contracts that actually do anything interesting? The answer to all of these questions is definitely not zero, and in some cases, it’s quite significant. But not enough to say it’s $0.5T levels of significance. Not enough.”

Hasegawa made clear that in the following years, ethereum can live to see some real adoption from businesses and more dapps built and even government adoption. The cryptocurrency sector and especially ethereum already lived through this once and saw how the ecosystem is building, so how the system continues to be built will have an enormous impact of this prediction made by Hasegawa.