Many people still believe that Bitcoin can replace Fiat but I don't see it happening, it's not because of banks or this centralised world either.
Here is a very good reason why I think this way.
I am a business owner, running a fashion company, I've been accepting Bitcoin payment since 2022-2023 and, the fact is.....
The idea worked, for a while, my friends that knows about crypto and use crypto do paid me in Bitcoin several times when it's time to receive payment for my service, but at the time the value of Bitcoin was small, around 16000.
Today they don't want to pay me in Bitcoin anymore, when I asked why they said no, and one day I challenged one of them (customers) she said she would rather not spend her Bitcoin right now.
The value makes more sense to people than spending Bitcoin as money, from 16000 to 100,000 plus and counting, I am now stranded with my postal about Bitcoin is accepted here, but my main lesson I learnt here is that...
It's easier to spend Bitcoin as money when the value is low, or maybe in a bitcoin bear market than when the price is high, to them it's very inconvenient to do.
I don't let this bother me, because true be told, I've spend BTC online to pay bills and buy things before, but since the value start surging I could spend my BTC again, I was in their shoe and I felt it too.
Do you also accept BTC payment? What's the experience between a bear BTC market and a bull BTC market?
Yeah, I feel you on this. When BTC was cheap, people didn’t mind spending it. But now that it’s worth more, everyone’s holding tight — I’ve done the same. It really shows how people see Bitcoin more like an asset than everyday money, especially in a bull market.