Bitcoin’s price and adoption go hand in hand. without growing adoption, we shouldn’t expect sustained price increases. After all, demand (and thus price) is a reflection of real-world usage. But here’s the challenge: Bitcoin can’t compete with fiat for everyday transactions yet. So how do we bridge that gap?
When we see Bitcoin’s price surge, it begs the questio... Will it remain just a speculative asset? If so, that makes it a risky long-term hold, especially if adoption stalls. Worse, if whales and corporations dominate supply, they could manipulate the market, turning Bitcoin into a game for the wealthy rather than the many. That would defeat its purpose entirely.
So if someone doubts Bitcoin’s future over these concerns, how do you convince them it’s here to stay and grow?
Before doing anything, first we should think...
1. Is technology here to stay or destined to be outdated by new technology?
2. Are we certain that Bitcoin won't become obsolete?
3. Can we take responsibility if all the things we said to convince the person failed?
For me, it is not wise to convince a person if we ourselves are not sure what will happen to the Bitcoin ecosystem in the future. I think it is better to let the person decide and see for himself what Bitcoin is by providing him with essential links on information about Bitcoin. Let the person conclude for himself, stay neutral, and only provide information. Whether he will be convinced or not, let the facts speak.
There is a need for adoption for any technology or implementation to thrive. After all, no matter how great the invention/creation is, if there are no people to use it, it will eventually stay in one corner and will be forgotten.