Again, it was design to replace the old fiat system. Although it has become one of the best asset or investment in the last 7 years, after the 2017 bull run. Also, from what my understanding is, the retail investors are still the biggest holder here and not those big players.
No, it is designed as an alternative for people who are tired of the old fiat system, it is not designed to replace the old fiat system. Also, bitcoin has been used as an investment asset since the early days and if I remember correctly it has been traded and considered an investment asset since 2010.
Bitcoin was listed on Mt.Gox in 2010.
Yes, I do know that there are institutions and companies and even countries that are in the market. But I think it is us that will give the market going. Every sats count, so even if you think that this community is a small scale charity, if we accumulate in years then it will be big.
Although bitcoin has existed for more than 16 years without government backing, but if it is not be legalized by governments and does not receive institutional investment. I don't think bitcoin can become popular globally.