The current state of crypto is similar to the internet's 'AOL era' in the late 1990s, with limited functionality and a high barrier to entry.
To improve user experience, Sandeep Nailwal suggests focusing on seamless fiat on- and off-ramps, custody solutions with key recovery, and integrating hardware wallets into mobile devices.
Crypto is still in the early stages, and it may take at least 10 to 15 years to see its full potential.
The adoption of cryptocurrencies, including Bitcoin, is still low, with only 4% of individuals worldwide owning BTC.