Post
Topic
Board Bitcoin Discussion
Re: My Thoughts on Bitcoin Adoption - I Could Be Wrong, So Let's Discuss!
by
komisariatku
on 04/08/2023, 15:38:50 UTC
I think you forgot with "time". Yes, bitcoin takes more time for a new ecosystem to take place. Bitcoin is getting loved by people every day, the community is growing. Maybe now most people keep bitcoin as an asset and expect to profit from the increase in bitcoin prices. But on the way, when many people already have bitcoin then using bitcoin will be the next step. Mass adoption will occur. I think it's still in the introduction stage of bitcoin, there are still many people who don't understand about bitcoin. When the introduction phase is complete, the next phase is transactions using bitcoins, and the final phase is the mass adoption of bitcoins.

I think when the Fiat ecosystem was introduced, many people rejected and did not believe in fiat. You can imagine, gold was replaced with paper, it looks like nonsense. But after a long journey, everyone now believes in fiat and it has been adopted en masse. It's the same with bitcoin, fiat is paper that can be seen and touched whereas bitcoin is digital money that can only be seen on digital devices, that sounds like crap too. So just wait for bitcoin to become a new financial ecosystem, and bitcoin needs "time" to get there