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?
If your question is in terms of pricing. The next point I see bitcoin reach is $72k which I think is something we can easily get if we break the 60k mark. But yes if your question was in terms of utility. I think things are just getting worse with every dollar pump in Bitcoin. It's because we are inflating the price of bitcoin to such a level where the payment of it's fees and it's usage would certainly become very difficult. Now that Tesla has bought bitcoins, do you think their idea is to make some payments to their vendors in the future using bitcoin? Not at all. What they seek is a pure-play investment into the fastest-growing asset. So I think we are just creating a huge investment option for us.