The adoption of Cardano is about technology

The adoption of cryptocurrencies is driven by monetary policy and utility. Which one is more important? The adoption of Cardano is more about utility than monetary policy. However, both factors are important. Let’s have a look at it.

Monetary policy vs. utility

Cryptocurrencies are technologies in the first place. However, the financial aspect cannot be overlooked. Both factors have a certain impact on society and thus they are the main drivers of adoption. Projects put the accent on different factors. Cardano is mainly about technology that will help people to solve real-world issues. Bitcoin is more about monetary policy. Both factors are not mutually excluded. Cardano also has a monetary policy. Bitcoin is useful for sending transactions. Actually, both factors are present in every project. People can adopt cryptocurrencies for both reasons. Some people will appreciate the monetary policy, others will utilize technology.

It is important to notice that people’s perceptions can change over time. Let’s give an example. In the beginning, Bitcoin was perceived as a new form of money and a protest against the current bank system. People were sending bitcoins and were willing to pay by them. The desire for holding them for a long time was not so strong. It was rather an experiment that succeeded.