Quote from: woez on Today at 02:36:06 AM

Change is always present, and advances in financial technology never stagnate but rather continually evolve. This is interesting to note because we are certainly not experts, meaning we don't fully understand the exact direction. For example, spot ETFs and the entry of large institutions will create many changes, making it more massive, and creating something capable of providing broader merchant integration and more realistic use cases.

From a psychological perspective, we see until now most people still believe that those who currently hold BTC don't intend to spend it, but rather hold it and wait for the price to rise, which automatically shifts it to a store of value. I also believe this will succeed just the timing is unclear, as many remain concerned about the volatility that can occur at any time, which is always the reason people shift from using it for transactions to fiat currencies.

Entry of spot ETFs and big companies is huge deal making Bitcoin more important. This change mostly supports Bitcoin role as way to store value like digital gold. Most people holding Bitcoin treat it as savings not as money to spend which makes it better store of value.
However for Bitcoin to become common way to pay for things its volatility is main problem. Until people stop worrying that its value will drop they will prefer to use stable regular money. For Bitcoin to succeed in daily transactions price needs to become more stable or new technology must make using it for purchases simple and safe.