In opinion, Bitcoin future is contingent on its Universal Adoptability and Utilization.

Hypothetical assumptions

Hypothesis 1: If the world fails to accept Bitcoin, chance are Bitcoin might be just as it is now or it will be run off by another coin that is universally accepted and effectively utilized.
Hypothesis 2: If the world accepts Bitcoin and fails to use it for it actual purpose, chances are Bitcoin's will lose its intrinsic value and might turn out to be of those useless and dead coins in the crypto market.
Either way Bitcoin future might be in jeopardy.


To secure the Bitcoins future and its intrinsic value, i believe our efforts should be geared towards global adoptability and utilization of the digital currency. Efficient Utilization of Bitcoin will mean that we understand the difference between Bitcoin as currency and Bitcoin as a store of value.
These two are the basic ways that Bitcoin can be used. But then it appear one is overrunning the functionality of the other.

In the sense that people are aggressively focused on Bitcoin as a Store of value than Bitcoin as a currency that offers the most efficient means of transferring money over the internet via a decentralized network with a transparent set of rules.

When the world views Bitcoin largely as a store of value, its important functionality as a currency may lose it essence. As such, Bitcoin may appear to be "Scam".

And with "scam", the world obviously dislike anything that appears to be "Scam". Hence global adoptability will become quite impossible. And when global adoptability becomes impossible, hypothesis 1 is strongly confirmed.

Hypothesis 2 is strongly confirmed if variable (Bitcoin as a store of value) in Hypothesis 1 persist regardless universal adoptability.

The consequence is Bitcoin might lose its intrinsic value. Hence the future of Bitcoin might be in great Jeopardy.

To avoid these, I believe the decision to secure Bitcoins future and its intrinsic value is ours to make.
If Bitcoin Bitcoin continues to be treated as store of value than as a currency necessary for transferring money over the internet. The cycle of praying for Bitcoin price to fall so that we buy and Bitcoin price to rise so that we sell, will obviously promote price Volatility of Bitcoin and many undesirable outcomes.