I was standing in line at the super market and it took 4 mins (sounds like nothing but it's actually a lot in transaction time) for some guy in his 40's to use the simple chip payment method on his credit card.
- Bitcoin will not go up until there is a method that gets it out for the common people to use. Most of the people I see can't even set up apple pay accounts on there phone.
- Bitcoin will not go big until it finds a way to bring in major money from legitimate sources that pay taxes. I lost 2 big investors when bitcoin was at ~$260 simply because they didn't trust it. I spoke to them when it went up to $650 and said we would of made at least 200K and he told me with the straightest face ever... "I don't care I still don't trust it, my house has 200k equity and it's a safer investment"
Bitcoin still has that "online geek novelty" connotation. When ever I bring it up with certain people it's hard for them to take me serious. This leaves lots of doubt with me to actually make big investments in it.
The good news is it leaves space for me to make my money which I don't mind. I've made my share of cash with BTC. But I doubt I will become a millionaire from it any time soon.