Do you guys really think people will use their BTC to pay for cinema halls, paying their Mortgages and shit? No fucking way.
Given the current thinking of the average Bitcoin user, I don’t believe anyone reasonable can give an affirmative answer to this question. I believe that most investors consider BTC exclusively as a store of value, and a small percentage of people use it as a currency.
If we exclude LN as a possible solution for fast and cheap payment, on-chain transactions are definitely unacceptable not only because of the occasionally high fees, but also because the time between 2 blocks can be much longer than the average 10 minutes. In the past 2 weeks, I have had at least 3 situations where I paid something with BTC (physical store) and waited between 30 and 50 minutes, not because of the fee, but because there was simply no block mined.
Of course, online payments are a little different, but still people will have a hard time deciding to pay with something that can bring them profit in the future.