Adoption phase is just beginning, you said it yourself people are still just hearing about bitcoin. And most of them are hearing negative things about it (such as it is going to dump, it is a Ponzi scheme, there is no use for it, etc.). When they learn the truth, they usually adopt bitcoin.
The majority of people want to earn more $$ with the help of Bitcoin, they do not want to adopt it to replace $$. The reason of Bitcoin's popularity is not it's revolutionary ecosystem, the reason is that Bitcoin went from 0 to 70K USD. That's why people talk about it. I'm 100% sure that average Joe doesn't care about privacy and peer-2-peer. I became confident about that a few years ago when Blockchain.info had an airdrop. Almost everyone around me submitted their KYC documents to get 25 dollars.
It is funny that Trump keeps mentioning Bitcoin as a way to pay off the national debt. He is really totally fine with the United States pumping Bitcoin to the moon and then dumping it all on some creditor somehow to pay off the national debt. Seems like a far fetched plan to me but if sends Bitcoin to $10,000,000 each and I manage to hang onto some, I’ll be happy.
That's the plan to my mind, to pump Bitcoin, then sell and pay the debt by making millions of people poorer because otherwise, it doesn't make sense. The sad part is that this process will finally destroy Bitcoin, that's how the debt will be paid but to my mind, it's far from reality. I can't imagine something similar to happen, that will be very shocking from the USA.
