Post
Topic
Board Nigeria (Naija)
Merits 1 from 1 user
Re: The possibility of greater adoption brings wide acceptance
by
EL MOHA
on 15/06/2025, 16:33:38 UTC
⭐ Merited by Abbatty (1)
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?

Trading bitcoin most especially using it for payment method is a great way to help the chain, bitcoin been used as payment method is also a very good way of spreading bitcoin adoption. Bitcoin was even designed as an alternative means to fiat currency also using it as a currency is a great idea but the reason why you actually see ur been used less might be because of the restrictions from the government. For our country there is no an outright declaration that the bitcoin is legal or illegal yet and this has definitely held back many into either incorporating into their business or some using it to pay for goods.

But regardless I agree with your point that we should as much as we hold onto bitcoin as investment also treat it as a currency for trade most especially by prioritizing those businesses having it as their payment method