what does this average person can do with Bitcoin besides holding it and hope price increases? What can he buy that he cannot but with fiat? Exactly, nothing.
This is like saying using credit cards is not going to happen because you can buy everything with cash already. I see Bitcoin much like credit card, but much better, especially in fully globalized world in the future
Cryptocurrency is the fastest way to send or receive money internationally. In fact, in most cases it is faster than doing a transaction at any financial institution like a bank, credit union, etc ..., heck it is faster than sending a check, paying a bill online, direct deposit, ach transactions, and many other transactions.
If i had the absolute opportunity to do all of my spending via CC I would, no need for interest, fiance charges, fees, hold time, float time, charge backs, disputes, and a whole host of other time wasting and money burning activities.
I know I have too much in CC as it stands right now, because I feel a real need to place my CC holdings in a physical bank -- ain't that ironic.
The averageguy doesn't barely do worldwide transactions, we are talking daily life here.
For a person to use Bitcoin instead of CC, he has to buy the Bitcoin first, then hope it doesn't go down by the time you are about to buy. Just imagine you go out with X Bitcoin, then by the time you arrive at the shop, Bitcoin had one of these random 20% dips, and you can't buy what you intended to buy. It's a joke. With CC's you have the stable price of fiat, you know Y is going to equal Y by the time you arrive at the shop.
Admit it, as of right now Bitcoin isn't of much usage unless you:
1) Are holding it as a means of wealth storage
2) You want to do a worldwide transaction
3) You want to buy something fishy without getting caugh
That's all.