My question is about Bitcoin’s adoption level. do you think there’s still significant room for growth at this stage, or have we neared maximum adoption?
Has gold or those appreciative assets got to their maximum adoption? No. Bitcoin adoption will continue to increase. It has become mainstream already but expect more people to use it.
The argument is about adoption, we can’t compare Bitcoin to gold because gold is purely an investment. Bitcoin, on the other hand, serves a dual purpose, it’s both an investment and a digital currency. Its long-term value appreciation stems from increasing adoption, at least based on my understanding.
Some argue that Bitcoin can’t replace fiat for daily transactions, yet its price continues to rise. This suggests that, for now, it has evolved more into a store of value than a currency for everyday use.
Does this undermine its original purpose?
People are seeing it more as an investment and a store of value.
You have answered the question.