Meanwhile the real economy is firing on all cylinders, stock markets are at all time highs, corporate earnings are higher than ever, unemployment is low, etc. Even amid the boom, no one cares about bitcoin any more.
I disagree massively with this part. Stock markets are high, agreed. This is due to stock buybacks and huge bubble P/E ratios, not fundamentals though. Unemployment as paid by the state is low, I agree. But the participation level is very very low, almost the same as in the trough of the recession in 2008. People may not care about Bitcoin, but do you seriously not think that there will be an "internet money" in the future, so that you can pay for anything, anywhere without having to convert? I think there will be, and I am essentiall betting that it will be Bitcoin.
Good point. I think this opinion is in so many aspects mistaken. The basis used to pronounce that bitcoin is dead is not enough to make such conclusion. Also, even if there is slowness on how bitcoin is accepted in the market, it is counteracted by the way its price kept on increasing, even reaching around 19-20k which is a record for any cryptocurrency in the market. Also, the future is not bleak at all for bitcoin, many people and countries alike are beginning to embrace it, which would add more speed to its continuance.