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?
I think alot of people don't consider bitcoin as a medium of exchange for their every day transaction. They consider it more as a state of value, a long term investment plan that would yield them enough profits over time. Yes demand would drive price higher so will scarcity and to be bitcoin limited supply also plays a crucial role in the price.
We see how bitcoin adoption grew over the years, we didn't need to convince anyone to invest in bitcoin but with over time bitcoin prove to everyone what it can do in the nearest future. Now we have government and institutions trying to also get their hands on bitcoin.