As these challenges persist, there's a growing worry that Bitcoin may be viewed more as a store of value than the revolutionary payment system envisioned by Satoshi Nakamoto. If high fees become a recurring issue, the risk of hindering Bitcoin's adoption as a medium of exchange is a real concern. I'd love to hear your thoughts on whether you believe the increase in Bitcoin fees has affected its adoption negatively or enhanced it rather.
Bitcoin, and crypto generally, simply has no chance of becoming a mainstream means of payment due to its architectural limitations. The very fastest/cheapest systems even on the drawing boards are still 1000x too slow/expensive to compete with credit cards and banks.
They've beat on this problem for over 10 years and have dumped millions of dollars and thousands of experts into the problem, so I think it's safe to say they aren't going to solve the problem, ever.
The good news is that people still love crypto as a speculation instrument. Bitcoin is over $40k right now, so people obviously don't care whether it's going to be used like a real currency.
People should stop trying to pretend crypto is something it's not, and celebrate what it
actually is.