Quote from: jaysabi on Today at 05:33:35 PM

Quote from: LUCKMCFLY on March 24, 2021, 04:46:16 PM

Quote from: rc4739 on March 24, 2021, 03:52:16 PM

Is bitcoin for speculation only? or it is really useful in our daily life? just curious.. What product can we buy by using bitcoin only... how many Merchant accepting bitcoin? is it a huge number? what do you think?

There are many stores in the world that accept Bitcoin, France, Italy, Spain and there are many stores that you can buy with Bitcoin, although Bitcoin is now quite famous as a speculative action, it has a lot of weight for investors worldwide, such as Elon Musk, Paypal, Microestrategy, among others.

In countries with rampant inflation it is much better than gold, some gold investors have passed everything to BItcoin, the son of the controversial Peter Schiff has already done so, there are some statements from the president of the FED that it is likely that gold can be substituted for Bitcoin due to its high speculative power, but not as a safe haven due to its high volatility and lack of support.

When observing all these eventualities and taking into account that we are still in a pandemic and even so, Bitcoin has had new ATHs, it is only a matter of time before they begin to implement the payment of goods and services through Bitcoin on a world level, adoption is a fact.

Having places to spend it is only half the issue with it being a mainstream currency. The other half is people willing to spend it as a currency and not treat it like a store of value, which is all the posts are concerned with anymore. Bitcoin is never going to be a currency if it's treated like a store of value.

You are right, in fact, the sense that people can have about Bitcoin is very broad, currently many see it as very useful due to the Covid-19 pandemic, it has been shown that in this Fundamental it has worked as a great solution to send and withdraw money, however as a reserve of Value is as Mark Cuban puts it:

Quote

Mark Cuban, the billionaire Dallas Mavericks owner, is also a big fan of Bitcoin as a store of value. He has, however, criticized BTC as a currency, claiming Ether is closer to a currency than Bitcoin. The Shark Tank star owns BTC, SushiSwap, Aave, and Ether.

Others also see it in different ways:

Source: https://zycrypto.com/this-17-billion-hedge-fund-is-holding-bitcoin-with-coinbase/

Seen from that point of view, it is sometimes difficult to explain to people how they can see bitcoin ...