Bitcoin Forum

I read a few things about the increase in bitcoin adoption during this time. El Salvador is one of the countries that have decided to adopt bitcoin as a legal currency and several others as legal tender without making it a primary currency. As I already know, the price of bitcoin is very volatile following changes in the interest of traders in the market so its adoption as a means of payment is something that traders doubt its stability because they are afraid that traders will lose due to falling prices.

But after I read this one, then I believe merchants will be more comfortable adopting bitcoin as a means of payment if adoption on a larger scale occurs in bitcoin.

Source: https://en.wikipedia.org/wiki/Nominal_rigidity

So is it true that bitcoin price volatility will decrease by itself as bitcoin adoption reaches higher levels?

Personally I think because bitcoin is not regulated and it is decentralized, it volatility will keep being its beauty. You can't control the number of bitcoin someone can buy or sell at least from P2P , this as not regulated will not stabilize the volatility.


You already know this  ;D The higher the demand, the higher the price

I speculate that the price will still be volatile if global adoption reaches like 10%-20% in the following year. It is bitcoin inherit or from the design it. What's given it's value is how it is globally traded, so for sure everyday will be very different from the previous one, so everything is undefined, and undetermined and we really don't know what will be the next price.

where else will it go but up. the price today is due to adoption that BTC is becoming mainstream, its now often in the news. the more it becomes popular the more people see it as legitimate investment unlike before when all the news about BTC are all about scam. cryptocurrency is votatile so prices can extreme swing high to low.

And if there will be more countries other than El Salvador accepting btc as legal tender, then, people will really increase their trust to btc. It means, the government is trusting this crypto and so the hesitations of many others that it is a scam will slowly disappear. With increased adoption, definitely, there will be good effect on its price.

No, trader (adopters) need not be afraid of price fluctuation because they can sell them as soon as possible and they don't have to hold them in their wallet for too long. Usually the merchants will adjust the price of the product they sell based on the current price, so it won't have much effect on the price.


Although bitcoin has a large market capitalization but I believe the scale of trading is still in the developing stage. Now we know that the scale of bitcoin trading is no longer as small as it used to be because many countries have provided business opportunities for market participants to set up exchange businesses with that country's license. So it would be simple enough to think that bitcoin trading has grown faster and the market size has been increasing every year. I assume that volatility will decrease in the future over time but I dare not say that fluctuations will completely disappear because price will always be determined by supply and demand.

It is of course good to witness that Bitcoin adoption rate is increasing as time goes on. But it may not affect Bitcoin price directly every time the adoption increases a little. The market is not manipulated easily by these news as far as I see. This is actually good news because we need to be sure that the market is getting stronger also. Manipulations shouldn't be too much affective on the prices of cryptocurrencies from now on. They will continue to be volatile but they shouldn't be manipulated by anything easily at least.

As crypto adoption increases, its volatility will remain, and as expected they will be more valuable once there are more users who will start to utilize bitcoin as a reserve currency or a legal tender. And maybe less manipulation of the market by then because there will be more users than just purely investors. The market will be more positive since we all know that bitcoin is the driving force for all the crypto coins in the market. But apart from it, volatility still continues because its what make the investors more attracted into crypto.

Why it's the opposite if the demand is larger? it is true by its nature bitcoin is volatile but when there's a bigger demand as you say with a larger scale.
Then, that all means that there's a bigger adoption and can result in larger demand and will reflect the price of bitcoin to increase. That's it, the supply and demand connection will always be applied.

The bitcoin price will increase. I am sure you are aware of the supply and demand and what makes the demand increase is because of large scale adoption of bitcoin. Like El Salvador making bitcoin as legal tender then all of the people there can use bitcoin. If this happen to another place then what do you think will happen?.

Now we all know that the bitcoin transaction size is not as small as it used to be because many countries have created business opportunities for market participants to set up exchange businesses with the license of that country. . So it would be simple enough to think that bitcoin trading has grown faster and that the value of Bitcoin in the market is increasing every year. I speculate that the bitcoin price in the future will reach a whopping 100k$ and it will not stop growing.

I'm afraid you are wrong on this one. Not a single country has adopted Bitcoin as a legal tender except El Salvador.

If I am not mistaken, no single country even consider Bitcoin as a legal currency. Bitcoin may be accepted in other countries as a means of payment, but it is not a legally accepted money.


Possibly. If Bitcoin would grow into hundreds of trillions and the distribution becomes very wide, a decision of a single whale or a handful of large players in the market would not anymore cause a significant change in the price.

You won't have to worry about volatility as much with mass adoption. The fluctuations in price right now are due to China and US trying to control the crypto growth in order to prop up their respective currencies. Hypothetically if the entire world were to switch to BTC (which obviously will never happen any time soon), no one country would be able to cause extreme price fluctuation without some sort of collusion.

What he probably means is that El Salvador accepted several others apart from Bitcoin as legal tender too. I am not sure if they have done so with Any Alt-coins. Its only Bitcoin.

OP, I am not sure how you have made the connection between Nominal Rigidity mentioned in your post and Bitcoin adoption. All these existing theories are applicable for traditional markets and traditional money. Bitcoin is nothing of that sort. It is evolving its own use-cases and its own economy with time. So it cannot be judged on the basis of traditional economics except for the rule of Demand and Supply.

Merchant adoption is a personal choice for people and businesses wanting to support a decentralized economy which is not limited by borders. This is a new social value that many people have begun to subscribe to and is the biggest reason behind adoption and growth of bitcoin. Whether that leads to volatility decline is hard to predict. Volatility will continue to depend on overall sentiment of the people who are involved with Bitcoin, not on adoption.

The volatility of Bitcoin will not be manipulated. The reason why I am attracted to Bitcoin is also because of the characteristics of Bitcoin and the reason why most crypto enthusiasts who invest in Bitcoin follow Bitcoin.
Under the large-scale adoption, I think it will only make the price of Bitcoin continue to grow, and the value of Bitcoin depends on people's demand for it.

My view is that if Bitcoin is adopted on a large scale, volatility will still exist, but it will be higher or lower.
Bitcoin is now accepted and understood by most people in the world. It is a good thing that more and more people can accept Bitcoin, but the price of Bitcoin will not be easily affected. Bitcoin will not be arbitrarily manipulated.

There can be many theories about the question you asked, In my own idea, time after time after we see more countries and organizations legalize bitcoin and cryptocurrencies there will be more people using these assets and the result will be more demand in the market which makes the prices increase. But, in another there, bitcoin was not created to be centralized and be accepted by the governments, bitcoin is created to be borderless and available for all the people all over the world, so, the second theory can be not affecting the price, however, due to the change of the atmosphere in the market and some emotional decisions from the investors we may see some sharp price movements.

To be honest, I do not know and all of us could just speculate. We might see the use of bitcoin in many places grow, including buying something at a local place. Maybe the price is still volatile as usual and very expensive, well, we do not know. I prefer to enjoy the bitcoin journey and not imagine too high because that will be out of my expectations. If we have a magic crystal, we can know but we do not have it ;D

What I am concern about is the fee and time consuming when someone makes a transaction using bitcoin. Maybe they still need to wait for a while before they see the transaction finish. It is better to wait and see ;D

The volatility will still look huge because with the adoption the price increase comes followed by the volatility which is still will be higher in terms of fiat but considerably low volatility when we compare the previous time period with the current one in the percentage.

Even so I think bitcoin will still be bitcoin with decentralization and its indeed volatile nature that will be difficult to predict and control even with global adoption.
and actually if global adoption really happens I think all investors who hold bitcoin assets will be happy because it is getting bigger and higher the demand automatically the price will be bigger and of course this is what investors both small and large investors expect :)

Market mechanic based principles like nominal rigidity assume a stable world with stable conditions in financial markets and the economy. High inflation, pandemic lockdowns, supply chain disruptions or any of the crazy and chaotic events of the last 2 years are not factored in. Ditto with the insistence of china and central banks around the world to aggressively target inflation protected assets like bitcoin. Or the media neglecting to publicize positive aspects of cryptocurrencies as a normal trend.

Alternate terms to describe "nominal rigidity" could be principles like momentum, inertia and terminal velocity. High volatility assets which fluctuate wildly could gradually lose momentum over time due to their own inertia (the mass of which could increase through mass adoption, no pun intended). Two separate principles which over time deplete an assets terminal velocity, producing lower average volatility. There's an attempt to define the principles involved anyway. Hope it makes sense.

Actually the one we can experience for that scenario is bitcoin get hype by the time that adoption will happen and we shouldn't think that the hype will last long since even though that there is more demand will be created thru that adoption still we should consider that corrections always happen in crypto. But we shouldn't lose the confidence to corrections or unpredictable market movement  eventhough adoption has been happen but atleast bitcoin gather more strong foundation that this became more better currency of future.

An increase in demand for Bitcoin is indication that the demand is higher than supply and that will definitely lead to an increase in market value of Bitcoin if that happens. And that is what all traders who bought Bitcoin when it price is low expecting an increase so that they can make huge profit from their trading.

It is the basic economic formula: if demand is high, the price will be high as well. It is similar to how, before the pandemic, the price of surgical masks was too low, but when the pandemic hit, the price of masks skyrocketed, becoming prohibitively expensive, but then gradually decreasing as supply increased and could cater to all. It is similar to bitcoin in that if demand is high, the price may rise.

Yes. Bitcoin is more on its supply and demand. As of now, bitcoin is definitely increasing its adoption rate because they are already big countries who are starting to accept and legalize bitcoin and may even use it as a legal tender soon. Although there are still parts of the world who are still skeptical about how bitcoin works and its over all usefulness, i know in time they will also learn to adopt it. In the end, bitcoin will become a global currency. It's just a matter of time where all of the individuals will be educated about bitcoin and how it will be functional for us.

As always, price is about demand and offer. The bitcoin offer is fixed and it is perfectly known to decrement every 4 years. The cost of producing it is as well superhigh and increases continuously. An increase in adoption and circulations means more demand, more fees, thus a higher price is inevitable. The next steps in adoption would mean an extreme jump in value, similar to the ones registered in the past.

To say off that we've been hoping for this thing to happen on where we do really need that adoption in the first place so that we would really be seeing on how Bitcoin would really progress into the future.
This isnt only limited on itself but also in other altcoins in the market as well.As you have said that it is just really on simply economics subject about the law of supply and demand which its
understandable that price could really go up high if there are sufficient demand on it which its a normal thing to presume on.

There is always an opportunity to adopt bitcoin as a means of payment even though we know that this asset is highly volatile. There is no reason why we should be afraid to accept it as a means of payment because we can sell it as quickly as possible. If you are an adopter, then you should consider pulling the latest price from today's active markets as a reference for labeling the goods and services you offer. One thing to note is, you have to wait for confirmation of at least 1-3 confirmation on the block so that you never fail to pay. Whoever you are then you should be aware that 0conf transaction are not safe at all as proof that you have been paid.

Demand is increasing, meaning you will see price go to month.

Should Bitcoin adoption increase on a larger scale, then the demand for Bitcoin will increase and so will the price of Bitcoin  ie law of supply and demand

I think that the answer is quite simple. If Bitcoin adoption reached a huge level, then the price would be affected by this very positively also. Because when the adoption rate increases very highly, people will start demanding Bitcoin much more than ever before. And this will reflect on the price directly. Because the more the demand, the bigger the price is.

Yes. It's just as simple as that. Once the demand will increase, its supply will be lessen, but its value will definitely go along with how high the demand is. And this is what happening to bitcoin now. There are already several countries now where bitcoin is being used as a reserved currency to fiat. And just like El Salvador, bitcoin is already being used as a legal tender, but still people are free to decide if they want to receive fiat or bitcoin as a payment. Bitcoin will be expecting to grow its value from time to time because there will be new additional countries for sure that will be adopting bitcoin soon.

in fact it is one of the strategies and formulas of the economy where when goods are increasingly scarce, the demand is increasing, the price will automatically skyrocket to high.
and things like this happen in every valuable and salable item for sale and not just bitcoin.
For example, masks, personal protective equipment and hand sanitizers and even oxygen cylinders a few years ago maybe the prices were ordinary because they even tended to be cheap, but look now after the pandemic the prices of these items have skyrocketed because there are indeed more and more enthusiasts who need them, even goods. These were in scarcity when the pandemic hit all the countries.
in bitcoin it's the same when most people are aware and need bitcoin, that's where the beginning of the beginning of an era that we can't predict how expensive bitcoin will be in the future

Here, there are two issues that need to be answered and analyzed, increasing the scale of adoption does not define the volume of bitcoin in the market will need more, sometimes with such a large scale model it is also possible to only need a low amount of bitcoin, it is similar to a large trader investing in accumulating bitcoin, the market cannot fluctuate so much through such a small accumulation point. Plus, what will this scale mean for that region, investment will mean something different than using it as currency.

I really think that a volatility higher than what you can see in fiat currencies will always be part of bitcoin, however larger adoption and an increase in the use of bitcoin as a form of money should decrease that volatility, right now I think the most important use of bitcoin is as an investment asset, and this is why we see such extreme movements, but if this changes and the more important use of bitcoin goes from an investment asset to money then the volatility should go down somewhat, but it will never completely disappear as its supply is inelastic and this means that any change in the demand will always affect its price in a significant manner.

Thanks to everyone who has provided some of your thoughts in this thread. I think it would be correct to expect that volatility will decrease as greater-scale adoption occurs in bitcoin. If bitcoin's function as a currency took precedence, then its fluctuations would probably be much smaller. But I have my doubts about that because bitcoin whales are always trying to manipulate with their money power. Bitcoin traders or adopters really need to be careful and sell them as fast as possible.

It doesn't even require to be a good thing or a bad thing neither. For example if Apple creates very little of iPhone 13, then there will be demand while it is still an expensive thing meaning there are rich people in the world that would line up to get it, which is a financially good thing to see that many people willing to buy something so expensive.

However, it also means that in Venezuela people were trying to get food, and the price of food increased a lot because there was very little amount of food and I have seen a video people just boiling water from rivers to drink it and try to stay alive, so people lining up to buy food there and increasing the food prices is not a good thing, it is a horrible thing. So, demand/supply doesn't always mean a good thing, doesn't always mean a bad thing, it requires context. I am not entirely sure where we are now in that scale.

I believe that to be a safe assumption. The volatility can't last forever, it would either devour itself or transcend into more or less stability. And so far, widespread adoption, especially by governments is the only way that we can get to that point. But that will also require balancing on a thin line between total control over crypto and total unregulated chaos.

You are right the influence of whales will never disappear, after all some thought that this could diminish as the price of bitcoin increased and the usage of bitcoin as a currency increased but the issue is that we are not dealing with fiat whales but with bitcoin whales, so this means that even if the value of bitcoin increases against fiat they are still holding bitcoin and they can manipulate the market if they want, but it is also known that the bigger the volume of an asset grows the more resistant becomes against manipulation, so if bitcoin begins to exchange hands and the volume of bitcoin being transacted increases then this could still diminish the influence of whales.

If the mass adoption would happen sooner, surely it will have an effect on the price of bitcoin on the market. If there are more people that will become aware of bitcoin and what it has to offer, there is a high possibility that there will be many investors because they will see its potential. More investors, the better for our community. By the time the big and small businesses, enterprises, and establishments notice that there are many users of bitcoin around the globe, there is a probability they will adopt it as a mode of payment. And if the government sees that there are many people patronizing bitcoin and other cryptocurrency coins, as well as there, are merchants trusting onto it, there is a tendency that they will adopt it as well to become a legal tender like what El Salvador did. Then the cycle will go on. Being an example to other countries, leading the adoption that could totally change the status of bitcoin in one's country and its price value in the market.

Mass adoption is one of the ways to fulfill the original purpose of bitcoin which is being a currency, aside from it being an investment vehicle. If mass adoption would happen, bitcoin will be used around the different parts of the world as a medium of exchange and will not be limited to being an investment like how it is commonly used now. The demand will be higher resulting in the higher value of bitcoin if ever it happens. Hopefully, the concerns and issues about bitcoin processes and transaction will be fixed before this happen to avoid confusion and inconvenience.

When there is increase in the demand, automatically we'll experience rise in the price of bitcoin. This is the basic with bitcoin and anything that has got the limited supply. We saw the rise in the price of bitcoin and the same is followed by the altcoins. This started when large scale investment on bitcoin happened from big corporate companies, which is also a form of adoption.

The original thought was "if there are enough people who accept bitcoin, then there will be more people who will not sell as well", because there are already limited amount of bitcoins, so there are less people who own it, and we trade it amongst ourselves and there are buyers and sellers and holders.

Since, it is a limited amount, the more people join the more holders there will be and that means sellers will not have as much bitcoin to hold, if all 7+ billion joined then price would be super high because there will be hundreds of millions maybe even over a billion holders, which would either own all of bitcoins in the world which is unlikely or would make the price skyrocket to get some to hold. This is why people want more and more adoption, the more people there are, the less bitcoin will be available in the market due to people holding.

Its a simple law of supply and demand and of course we would really see increase in price if that happens but we shouldnt really that anticipate much because adoption cant really go full scale or 100%

knowing that there are places on the world which governments do prohibit out bitcoin or crypto to have some part in the economy or making use it as a digital currently at least.

Should really we need to worry about adoption in full scale?Is this it the thing we've been hoping for in the first place? Lets just wait for the right time but dont expect that much.

Bitcoin volatility will definitely reduce when large scale begins to adopt bitcoin because the price will be stable bitcoin won't really be pumping and dumping anyhow again the price will be stable and if the price is stable the volatility will definitely reduce. Just the way China is banning bitcoin and bitcoin is dumping it lots of countries adopt and large scale adopt bitcoin the volatility will reduce.

Yes. Bitcoin is definitely based on its supply and demand. And if its demand continue to to increase, then its supply will be lessen too, seeing it's just only limited. So eventually, as there will be more demand, its adoption will most likely to increase in a larger scale too. Bitcoin will be recognized and utilize all over the world until it became a global currency in the near future. But when we talk about its volatility, i think it will always stay, it might be reduced i think, but never it will be fully gone. Its volatility will always have its own way to attract more people to invest into bitcoin while also making it as a currency.

I really don't think that this is going to be affecting the nature of the market in any bad way, the more people that use bitcoin the more decentralized it get the more volatile it gets, a large adoption of bitcoin will only create more supply and that will eventually lead to the increase of the price, so if anything it will affect the transactions, meaning that the fees will get higher and longer time to confirm, which make microtransactions non usable with bitcoin.

And this is even more extreme in the case of bitcoin, for example in the case of almost any asset when the demand for it increases and the price goes up as a result what we see is that companies begin to create more of that product, this increases the supply, it meets the demand and then the price begins to slowly go down, but this is not possible for bitcoin, bitcoin is mined roughly at a constant rate which means that when the increase in the demand happens there is now way to increase the supply which makes its price to go up in a more sharply manner.

OP's question is simply answered in the basic principle and interchange of Demand and Supply. The more the demand; the higher price goes. It's as simple as that. It's high demand and shortage in supply that confers value on products and services. That's why crypto enthusiasts crave adoption for Bitcoin so that more interest will begin to chase its use with the limited supply of 21 million. Once this begins to happen we can say it will expectedly cut across the entire crypto industry with alts soaring too. Come to think of it, that Bitcoin was able to come out of the woods now is because of the halving that was done in 2020 and reward per block was reduced in half, making supply a bit scarce. Now, think of what happens when adoption is fully achieved and more countries make Bitcoin their legal tender.

Yeah, it is true that it is possible that the volatility of bitcoin will decrease when the adoption increases.
But, for the adoption of bitcoin to reach a level where the volatility will be decreased to a low level, don’t you think it is going to take so many years before that will happen? I have always had the thought when the time comes that there will be higher adoption rate, the price won’t be fluctuating like it is doing right now.

Another thing I would like to point out is about making bitcoin a legal tender, I don’t think there will be much countries that would be interested in doing that. But, we will wait till that time comes to know what happens.

It's basic, just supply and demand. If there's more people meaning more demand and couple that with the fact that there's a limited supply of bitcoin, it's bound to go up in prices given that there's a probability of scarcity when the demand increases exponentially.

However, I think bitcoin has the ability to adapt to legally accepted situations allowing for a lower volatility e.g. an ETF being accepted, it may affect low volatility or  high.  It still has breakouts for any effect other than a change in bitcoin value, where bitcoin can be volatile based on user value rather than speculation.  El Salvado has more than 2M Chivo wallets in use, proving that when bitcoin is legal the demand for bitcoin will be infinity :)

It seems that everyone seems to agree that it's definitely going to go up because of the law of supply and demand, which is true because it's the most basic principle in economics, when there's more demand, the price goes up but it has to be that the supply doesn't go up either because there won't any competition for demands because there's a lot for everyone.

That's the law of the market and I've learned about it, but I don't think it's as simple as it says. FUD and negative news always affect the market.

Natural price increases due to increased demand through adoption can make the percentage fluctuations smaller. So is it possible to think when adoption increases volatility to low so that the risk of fluctuations or deep price corrections can be minimized?

If BTC was adopted in large scale (e.g. countries have started accepting it as legal tender, etc.) then its demand would skyrocket among its users around the world. According to the law of supply and demand, when demand goes up and supply goes down, price would definitely increase- so the question of whether its price would increase or not is kind of an obvious answer.

Though, this is assuming in a perfect world that countries would accept BTC in circulation. Unfortunately, while El Salvador has accepted it as legal tender, China has prohibited its circulation which definitely affected its price globally.

I think not much will happen. Apparently the price of bitcoin is maintained without much variation as if it were waiting for more adoptions around the globe to make the process easier because when the price of bitcoin falls more investors tend to buy.

I keep the happy idea that bitcoin has already exceeded the price of the basic Tesla model 3 and that it will do the same with the Long Range and the Performance model.

At this moment what is happening is that people are thinking about bitcoin and crypto to be included in the economies in the world, which is otherwise positive for everyone.

Monetary velocity increasing implies a greater worth per unit as the currency becomes more circulated and so held.   Incidental holdings count far more then deliberate speculation as some people will effectively hold forever, the trend across millions of people is the real fundamental worth rather then the market bid of an asset that does not actually have a use for it on a balance sheet.   I'm only going to be impressed by anything Tesla does if they do put the BTC they have taken on into working circulation and increases effective population of the blockchain then we have actual gains likely, increased demand even if its circulatory is a big deal.    Regular demand does equate to lower volatility I think.

Bitcoin usually rises on the basis of demand and supply when the demand increases, the price starts to go up depending on the price of bitcoin the price of altcoin continues to rise many new companies are being added for the high price of bitcoin and various companies are approving bitcoin. That's why bitcoin is getting bigger since bitcoin does not require any financial institution to transact and its transaction dynamics cannot be followed its use is high.

I don't think so. bitcoin will always be a volatile asset. why ? due to limited supply. the larger the size of bitcoin users, the more it will go up because many are in needed and want it. i think something that having limitations will never be stable even when talked about if that is reach larger scale.

I would assume that the best outcome could be adoption increasing in the El Salvador method. That way we would know that if there is a big adoption then it would be supported by the nation as well. I am not saying that it is the only way to make a profit but it is certainly one of the best ways to get bitcoin in the hands of everyone.

Plus, if we could have a banking industry type of deal, where we could move bitcoins and other crypto around between accounts and not pay any fee, then it would be awesome as well.

Think about how easy it would be for people to move crypto around if they did not have to pay a fee, you need to pay one to deposit money into that account, then pay a fee to withdraw crypto from that account but while it is there you can move money around between accounts of that platform without paying anything. This could be done if governments made it legal tender and banks started to use it.

Moreover, the basis for forming bitcoin prices is based on the law of supply and demand, so that everyone who makes transactions will have an effect on the formation of bitcoin prices, and this is what makes bitcoin fluctuations high. With a limited supply and high technological progress, the future of bitcoin will be even brighter, considering that not many people have become bitcoiners

supply and demand is indeed the basis of bitcoin's value in the market. with fixed supply, what we can expect is just up and down movement in the market. how the market sentiments will affect its price value. and with many people getting involved in this market, we can truly expect a roller coaster ride. institutions, organisations, whales, small traders and the likes, those are important to have a healthy market.

Yes, you are right, it is likely that now after everything you have said, it should also be taken into account that as more people come to buy Bitcoin, by pure logic of the Law of Supply and Demand, the demand will increase. , which will result in the supply going down and the price going up a lot. For the same microtransactions you can use Lightning Network, I think that part can be solved there, however we have to wait for it to happen because at least in the Slavador you have very good options using the Chivo Wallet, which does not have an associated fee when it is makes negotiation between chivo wallet to chivo wallet

Well, if adoption increased on a larger scale that means there is also a high demand resulting for the price to increase. If bitcoin adoption came to a point that it can also use to buy goods in either small or big merchants like fiat then its possible that the volatility will decrease, in a situation that there's a high demand and less supply circulating. However it will remain unstable because of the people who own bitcoin for their own convenience as investment or to use as currency.

I don't agree with this. The volatility of Bitcoin is very high, because a large fraction of the circulating supply is now being kept in free-float and bring traded by short-term traders. When the price increases, this proportion will go down and that will result in a reduction in volatility. I don't think that day traders will constitute large volumes, once the price reaches six digits.  And for long term investors, new purchases will constitute decreasing volumes, as most of the users may have already accumulated coins by then. New demand will be easily met with mined coins.

Do not forget the ones that are lost as well. I am not sure if this is true and it could be a big lie but I read in many places that there are 1 million coins just satoshi had that is forever gone now, and even if that is not a fact and just plain wrong, we can safely assume that there are too many bitcoins gone for one reason or another.

We talk about 21 million bitcoins ever available but that is quite wrong, I am pretty sure over a million is already gone and can't be gotten ever again, people being dead, sending to 0x00 addresses (well whatever it is in bitcoin world) and many other things which means that bitcoin doesn't even have that much. Put the "forever hodling" people on top of that and you got yourself probably less than 10 million bitcoins ever in circulation and most of them are even long term as well, even though they are not holding forever, they are not selling daily neither, which leaves only a few million bitcoins ever traded daily, probably closer to a million.

This is the proof that bitcoin goes up in long term because more people that buys and holds, means less bitcoins available to trade.

If there is increase in the patronage of bitcoin, the price will go up and many investors might decide to invest more in it. Increase in the adoption of bitcoin could increase the value of the cryptocurrency market. More people will become rich and those who ignored to invest in bitcoin might later come to make quicky reaction for bitcoin investment.

Not only that, even if we know that more than 18 millions coins have been mined that does not mean those coins are actually available at all times, if we take into account the coins that have been lost and the coins which are being held by whales and other long term investors then we find out the available supply of bitcoin is very low and as soon as the demand grows a little bit the price goes up very rapidly as the available supply dries up really quickly forcing people to pay more for it if they really want to get bitcoin now, and if the ones that buy it want to hold it then this decreases the available supply even further pushing the price up.

The most important question is the demand for the asset, if the asset is not so much in demand, then, accordingly, the price ranges do not have very high boundaries. Because the situation with the elusive Joe, who is elusive due to his uselessness to anyone, may repeat ;D The most important danger is not fully supported by objective circumstances of the explosive growth of any asset, the same explosive fall subsequently and no price rigidity in relation to bitcoin at this stage of time, it is not necessary to say and such reflections are premature. Another question is what if we were dealing with stable and progressive growth, but given the very nature of bitcoin, which by its very nature is fundamentally unsupported by anything and all the madness that has been going on in the global economy lately, it's not even worth stuttering about stability in this.

It's all is very good for writing but not easy to implement because there are many hurdles still waiting for this all adoption is working no one has any doubt in this case but for large scale work we need some better environment which can happen just after having some good education and knowledge because without this you can't spread this bitcoin it's not easy for many peoples to understand how this works and how to handle situation in emergency and many other cases.

Adopter surely become rich volatility will continue to depend on overall sentiment of the people due to the change of the environment in the market and some emotional decisions from the investors we may see some quick price movements.

But it may not directly affect the price of Bitcoin every time adoption increases a bit. As I see it, the market is not easily manipulated by these news. This is really good news as we need to make sure that the market is also getting stronger. This is evidenced by the fact that the value of BTC has now increased to $55k and can reach $60k for the next bull run.

If bitcoin adoption increased on a larger scale then its value will rise. It will give benefit all stalkers, traders, and miners. The motivation of bitcoin users and businessmen will rise high. The market of cryptocurrency will be stable, boost up and it will win earn the trust of all bitcoin families. It will also increase the fame and popularity of bitcoin in the world.

That's the obvious impact if there will be increase in adoption, not only with bitcoin but with other alts as well. And with the increase in adoption, more merchants may possibly adopt the crypto payment method. Their issue is the volatility, so maybe as adoption increases, the volatility may decrease. Bitcoin may soon be a part of our daily living as we go cashless.

for alt itself they will definitely be affected especially for couples who are with bitcoin.
there really is no need to doubt this.
their influence is getting stronger and stronger and it is proof that they continue to have a strong adoption rate.
even though it's negative news and FUD continues to attack but bitcoin is still bitcoin that will indeed continue to increase