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?
Mass adoption is subjective in my opinion, Bitcoin community can grow and there adoption alone is enough for Bitcoin, the more the community continues to grow so the adoption. Not until some bank or central bank want Bitcoin, they are just some catalyst I see as money liquidity to boost the growth of Bitcoin but even if they don't come, the community can become more mature and more money will be supplied to the Bitcoin just like the way it has been the conventional ways.
Adoption don't need to be force, you can see people like Blackrock and Micheal Saylor are buying everyday because they believe in Bitcoin and they believed the price will do something better tomorrow and other days after tomorrow. Look at the United state that has made all sort of promises with their adoption to make Bitcoin their central reserve but they played everyone but it was obvious from beginning, it's just that we only choose to listen to what we wanted to hear.