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?
I dont think anyone around Bitcoin for a few years expects sustained price
increases especially seasoned traders who are able to make decent gains off
of Bitcoins "volatility". Anyway is you "zoom out" of Bitcoins price chart its price
has been on an upward trajectory.
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.
We cannot restrict anyone from using Bitcoin, its open source and decentralised
so I would stop worrying about it and look after your own corner of the Bitcoin space.
I never consider such questions because I have no control of what Bitcoin does
and I am not expecting anything like mass adoption to happen or volatility to be "solved"
So if someone doubts Bitcoin’s future over these concerns, how do you convince them it’s here to stay and grow?
I trued that a few years ago, none of my friends bar 1 took it up and guess what...
Bitcoin grew anyway! Better off not worrying about convincing others, Bitcoin
will grow organically and we should not expect Bitcoin to become mainstream
where everyone uses it daily for everything from a coffee to a car.