Price-wise it is OK to be bullish because bitcoin is a deflationary asset but adoption-wise, it is kind of concerning. We have already seen Litecoin beating Bitcoin on bitpay stats and that happened 5 months consecutively. I don't think the stats for May will be much different. People simply don't use bitcoin for payments anymore and it is not people's fault, they simply can't use it because of the high fees and that's why they are using something else. In this situation, it happens to be litecoin.
https://bitpay.com/stats/Maybe it is better this way. If people want to make payments, they can choose an alt and there are no shortage of good, cheap & fast altcoins. Litecoin, Dogecoin, XMR and even bcash is not that bad if you want to pay cheap tx fees. People who want to get digital gold, they'll get bitcoin.
However, if everyone considers where the bitcoin community and much of the toxic maximalists are taking bitcoin, this should certainly be expected, I reckon. They do not want a medium of exchange, only
HODL. They want a store of value and it appears that they presently are beginning to have a store of value. Also, not only a store of value, they also have a speculative investment hehehehe.
