Post
Topic
Board Bitcoin Discussion
Re: The effect of increases in the loses of Bitcoin
by
passwordnow
on 08/08/2024, 23:22:55 UTC
My question is what do you think will be the adoption and usage rate of Bitcoin then, whether it will increase or decrease?
It will increase. I think if we're going to have that stats for which I've read before that there's only around 1 digit of percentage for its adoption globally. And that means that we're not yet on the peak of its adoption and usage of it. As per usage, I am not expecting anymore that many are still going to use it as a payment because what people will do is going to hold it as a store of value.

That's most likely the usage of everyone as an asset compared to what it has been used and endorsed before by satoshi. Gone are the days that everyone likes to have it and use it as a payment because it's quick and cheap. But today, there are moments that we can't use it as payment whenever the network is being attacked and spammed for which causes it to be quite expensive.

So far, the fees aren't that much and it's fine because it's not a lot at all. We might even see that it goes down from 4 sats/vB to 2 sats/vB and eventually, 1 sat/vb.