Bitcoin class adoption has become the following at year 12:
- Poor man's currency
- Wealthy man's dangerously appealing new asset class
- Middle class man's not very much. Middle class in developed countries have way better medium of exchanges (or are at least viewed as such), and middle class in developed countries aren't going to pay $6,000 for 1/10th of something, or $600 for 1/100th of something.
Overall adoption grade: B-
Discuss.
1. How is bitcoin a poor man's currency? A "poor man" shouldn't even think about investing in crypto currencies because most of them won't be able to afford the loss. Crypto currencies are long term investment, and they likely won't be able to hold long term.
2. Not even sure what you mean by this. Care to explain?
3. Did a "middle class man" from a developed country tell you that he won't invest in fraction of a coin? This is something stupid I have heard today. They can still make profit by investing in fraction of coins.