The possibility of greater adoption brings wide acceptance.
At times, when I think of the historical cost of Bitcoin, aside from future speculation, Bitcoin is meant to move on and make you wiser and smarter. We should always remember that the more we make use of Bitcoin, the higher it drives the adoption. If every one of us tends to hold Bitcoin, how would a trader care to accept it? So the unstoppable nature of Bitcoin lies in holding it; the pure usage of it brings demands.
I realised all this logic after I went for some research and studies; however, I believe that a small percentage of individuals owned a Bitcoin, though. My point is that since the rich have taken it over and greed has turned it into a hedge investment, its original purpose has been destroyed. It will never be a currency because the rich aren't going to allow it to be. They'll keep buying it up until there's none left moving. Then what happens to the network when it grinds to a halt because no one is willing to sell?
How can miners make money if there's nothing to mine?
I realise this won't happen in a month or even a year. But the writing is on the wall. This is where it's headed. They will use a stablecoin or CBDC for currency because they are never going to pay down control over the money system.
Is it that as more people get into Bitcoin, it will force the price upward?
Since Bitcoin has a cap, a limit, it's scarce. I believe in 10 or more years people will be trading on the street with Bitcoin, not fiat currency, anymore. The time to buy Bitcoin was yesterday, last week, last month, or last year. And for tomorrow, the real time to buy bitcoin will be today.