Currently Grayscale's bitcoin trust owns 654k and the top companies hold 200k, that's 854k bitcoins out of circulation from 21million, not to mention an estimated million more lost. We see alot of bitcoin integrations from paypal, mastercard but is there a public for that? With hour long payment confirmations, I just don't see it as a payment form in everyday life. Has bitcoin turned into an investment wagon or is there still a possibility of it becoming an everyday payment currency?
The purpose of Bitcoin is to be both a medium of exchange and a store of value.
There used to be a time when BTC served better as a medium of exchange,now Bitcoin is more like a store of value.That doesn't mean that BTC can't be used for everyday payments,but the merchants don't want BTC due to the price volatility and unstable transaction fees.
There's nothing wrong with Grayscale owning 654K Bitcoins.
I don't really think that Bitcoin was truly adopted by Paypal.You can't withdraw Bitcoins out of your Paypal account.This isn't true Bitcoin adoption.