Remind yourself that 50% of all purchases in the United States are under $25.

[BenjaminGlover]

Consumer spending accounts for 70% of the US economy, with half of all consumer expenditures falling beneath the $25 threshold. We are still a long way from the typical individual purchasing homes and automobiles with bitcoin, but that is great. A cup of coffee or a tank of petrol are examples of the microtransactions that comprise the majority of the US economy. Even a tiny fraction of these transactions will be conducted in bitcoin, which will have a significant impact.

[buwaytress]

Source please?

Not that I'm questioning it, seems perfectly reasonable, given that a scan through my own spending shows more than 50% of purchases are under the same relative value -- take out all the family groceries and bills (or divide them by the individuals in the family) and it adds up.

Which is why, I'm always wondering what kind of plans people like El Salvador president have for Bitcoin payments for microtransactions (not conveniently forgetting about Lightning).

And then, there's also that the dream of paying for coffee with Bitcoin isn't just a problem of means, it's also a problem of desire. Normies generally talking big on Bitcoin are holding, not spending.

[davis196]

We should always be reminded that though Bitcoin is more popular as an investment or a safe haven against inflation, it should also be utilized just like everyday fiat money and this is where consumer spending should be coming and if people can be paying things like a simple cup of coffee or a bar of chocolate using Bitcoin then it would be helping a lot in making sure that Bitcoin can be an important daily tool we can use. Now, having said that, I must admit that if one is really thinking that soon BTC can go as high as $100K then using Bitcoin to buy some gasoline in a nearby gas station can feel like a little sacrifice...you guys feel the same thing too?

1.Bitcoin is failing as a "safe heaven against inflation" right now.BTC isn't a safe heaven and BTC doesn't provide any protection against inflation.Prove me wrong.

2.You are definitely right above the expectations of a 100K BTC price and buying gasoline.Price volatility is what prevents mass BTC adoption in the retail sector.On the other hand,price volatility is what makes Bitcoin so attractive to the speculative investors and traders.I guess that we can't both eat the cake and have it.
Bitcoin should be either an investment asset or an actual currency,but it can't be both,which is sad.

[Poker Player]

1.Bitcoin is failing as a "safe heaven against inflation" right now.BTC isn't a safe heaven and BTC doesn't provide any protection against inflation.Prove me wrong.

You make too categorical a statement to put the burden of proof on the other. I don't know if you are referring to the last few months. If we take into account the trajectory of Bitcoin since it was created it is clear that it is the best safe haven against inflation. Look at how any financial asset has performed relative to inflation since 2009 and look at how Bitcoin has performed. There you have the proof.

Consumer spending accounts for 70% of the US economy, with half of all consumer expenditures falling beneath the $25 threshold. We are still a long way from the typical individual purchasing homes and automobiles with bitcoin, but that is great. A cup of coffee or a tank of petrol are examples of the microtransactions that comprise the majority of the US economy. Even a tiny fraction of these transactions will be conducted in bitcoin, which will have a significant impact.

In your argument which is more wishful thinking than anything else you are obviating the legislative problem. The way Bitcoin is regulated no one will use it to pay for coffee and small day to day payments because they will have to declare each payment and pay capital gains tax.