Every decade the mentality changes

[Miles2006]

Till date people still use bitcoin to purchase their goods only if they find it worthy personally I don’t think I will use bitcoin to purchase any product because I prefer the value which means holding bitcoin. I’m not expecting anything new since the two we’ve seen for sometime now is okay besides Satoshi created this as a means of freedom from third party like the bank.

[Synchronice]

When Bitcoin came out the idea of every enthusiast was that it was meant to make fast payment, not so many wanted to own Bitcoin but after so many use cases people trusted the network for the swift payment of any amount one can make in minutes. We get to see stories of people using Bitcoin to purchase food items, house, clothes and the rest. It all make sense until another decade Bitcoin gained significant value and many was impressed. The idea began to change, it now became a store of value. Enthusiast believed that if they buy some certain amount of Bitcoin and hold it for a decade they will have a good profit.

Now in recent times big companies, organizations and countries are buying Bitcoin for financial reserve. In the next decades to come what do you think will be the mentality of those who are buying Bitcoin and those who wants to buy Bitcoin?

I am certain there will be a new purpose

Mentality doesn't change every decade but technology changes. What's our mentality? To survive, to take care of our family, to earn money, grow exponentially, develop physically and mentally and so on.
When Bitcoin was new, it's true, many people didn't own it because it's not really easy to know what will succeed and what will not. When the internet was invented, do you think that early adopters bought every possible domain name? No, why? Because it's impossible to predict what will be a gamechanger and achieve a huge success.

I really don't like what happened to Bitcoin but it was inevitable. In the end, strong species take over weak species and rich people take over poor people. Bitcoin is still doing very well compared to environment where it has to exist.

[finaleshot2016]

When Bitcoin came out the idea of every enthusiast was that it was meant to make fast payment, not so many wanted to own Bitcoin but after so many use cases people trusted the network for the swift payment of any amount one can make in minutes. We get to see stories of people using Bitcoin to purchase food items, house, clothes and the rest. It all make sense until another decade Bitcoin gained significant value and many was impressed. The idea began to change, it now became a store of value. Enthusiast believed that if they buy some certain amount of Bitcoin and hold it for a decade they will have a good profit.

Now in recent times big companies, organizations and countries are buying Bitcoin for financial reserve. In the next decades to come what do you think will be the mentality of those who are buying Bitcoin and those who wants to buy Bitcoin?

I am certain there will be a new purpose

If bitcoin become more stable in the future it could go back as p2p payment, it will still live as an asset that’s all about p2p in the future, no one uses it as p2p today because it’s massively growing, people recognizing bitcoin as an asset because many people valued it so much, that’s the natural growth of bitcoin or anything that involved in money.

That’s the cycle and no other use cases will be made in the future but let’s see.

[Darker45]

Is it, therefore, fair enough to generalize that the Bitcoin narrative has somehow shifted from utility-centered to price-centered? Before, Bitcoin is discussed mainly in terms of its features, its philosophy. Today, it's discussed primarily in terms of its price growth potential. Whether as a store of value, speculative asset, strategic reserve, or whatever, the focus is on its fiat equivalent.

There was actually a thread opened by d5000 discussing the odd and perhaps worrying way Bitcoin is being marketed these days, which is possibly founded upon a problematic narrative.

[Smartprofit]

You asked a very interesting question. Bitcoin (as an entity) is really constantly being rethought.

In the beginning, it was an alternative means of payment, then a promising means of saving, currently, its use as digital gold (as a component of the gold and foreign exchange reserves of central banks) is being discussed. That is, the understanding of the essence of the first cryptocurrency is constantly evolving.

What will be the next stage of this evolution? In my opinion, the answer to this question is given by the analysis of such unpopular entities in the community as runes and ordinals.

In my opinion, the next stage of Bitcoin's development is the creation of new digital assets on its basis. That is, Bitcoin will become a direct competitor to Ethereum, Solana, Tron and other similar platforms. At the same time, Bitcoin will have what these platforms do not have now - support from government regulators, which will allow issuing fiat money, stocks, bonds and tokenized assets on its basis.

The logical goal of Bitcoin's evolution is to be a measure and basis for the value of all other assets on planet Earth.

[m2017]

We get to see stories of people using Bitcoin to purchase food items, house, clothes and the rest.

This phenomenon was not so widespread, if you don't count the sales of goods on SilkRoad. It seems to me that bitcoin was never used for its intended purpose to the full extent (massively and for a long period). As soon as the price began to grow, bitcoin turned into an investment and speculative (trading) instrument.

The idea began to change, it now became a store of value.

I would say it differently: the mass user sees bitcoin as a means of enrichment, that is, a certain asset that brings in large profits in a short period of time (almost like in a casino).

Enthusiast believed that if they buy some certain amount of Bitcoin and hold it for a decade they will have a good profit.

In my opinion, today's enthusiasts want to make a profit "tomorrow".

Now in recent times big companies, organizations and countries are buying Bitcoin for financial reserve. In the next decades to come what do you think will be the mentality of those who are buying Bitcoin and those who wants to buy Bitcoin?

I am certain there will be a new purpose

I think it will be about the same as it is now: a means of enrichment and preservation of value. I don't think we will see any dramatic changes in ten years, because the era of abrupt changes is behind us. Now everything will change much more slowly, because this system is beginning to enter a stage of equilibrium.

[franky1]

due to cores stronghold of the protocol and how they develop wallet features for securing keys/creating new key formats. you will notice how they are more concerned with multisig and ring signatures lately and things like partially signed scripts..

so with things like core pushing for coinjoin and such.. it seems the next era will be that people will need to deposit into grouped address/transaction managed by federations or multisigs rather than solely holding funds in ones own key that only requires your own signature to move just your funds

in short organisational reserves where people then borrow balance within the total of the transactions participants on a subnetwork of private payments

[Woodie]

When Bitcoin came out the idea of every enthusiast was that it was meant to make fast payment, not so many wanted to own Bitcoin but after so many use cases people trusted the network for the swift payment of any amount one can make in minutes. We get to see stories of people using Bitcoin to purchase food items, house, clothes and the rest.

Agreed the idea of Bitcoins user case changes everytime with new discoveries,  at this time merchants became reluctant to go BTC after we had users double spending just to cancel out the earlier transaction and in some cases transactions were stuck for several days and if fees were so small these usually got dropped and that's how this era changed how Bitcoin was to be used and settled for the store of value

It all make sense until another decade Bitcoin gained significant value and many was impressed. The idea began to change, it now became a store of value. Enthusiast believed that if they buy some certain amount of Bitcoin and hold it for a decade they will have a good profit.

Personally I thought the first hodlers really got to enjoy this concept of store of value because in the end they walked out as millionaires if you got out 10years later..

Now in recent times big companies, organizations and countries are buying Bitcoin for financial reserve. In the next decades to come what do you think will be the mentality of those who are buying Bitcoin and those who wants to buy Bitcoin?

I am certain there will be a new purpose

Perhaps we shall go back to the "store of value" because we all have the belief that Bitcoin can make us some free money and everyone is jumping on this boat on this reason alone..

[Stablexcoin]

In the next decades to come what do you think will be the mentality of those who are buying Bitcoin and those who wants to buy Bitcoin?

I don't think there will be any new use case, we already know what BTC's use cases are, and in the future we are looking at mass adoption of those use cases. I.e. there would probably be more businesses, individuals and merchants ready to accept BTC as payment for goods and services, and more people would choose BTC as their option of a hedge against fiat devaluation.

Why do you think so? The other new use case people used/rely on Bitcoin for wasn't expected. To the best of my knowledge, i know that as long as Bitcoin still remains in existence and is adopted there will be other things people will rely on it for. You are aware that Trump used Bitcoin's hype as a tool for his political campaign? Or am i wrong?

I pray we all see the future you are talking about. As for me the future i pictured is one where there will be so many reasons why people choose to invest in Bitcoin not only the current use cases now.

[iBaba]

The future of Bitcoin is undoubtedly profitable, and as such, just as time goes flies, so are we likely to see a massive increase in it's number of investors, because just as some countries and organization have opted into buying and investing in Bitcoin for long term, in next few decades, what we are likely to see are many countries opting into legalizing it as legal tender just as El Salvador and Central African Republic did. And likewise be a major asset for national reserve of a country when it's value skyrocket in next few decades.

Absolutely. I see bitcoin as a global currency which will shape the way governments will value the digital assets going forward. Bitcoin is already leading that and I believe bitcoin will continue to be a leader in the decentralized financial system for years to come and will drive new initiatives that will bring about change and shift from the current fiat currencies. In the near future I see more countries adopting the bitcoin for investments and as legal tender but I don't think Trump will have the ability to materialize the idea of Bitcoin reserves as he's most likely to face blockage from the powers that be within the system who might frustrate the process.

Is it, therefore, fair enough to generalize that the Bitcoin narrative has somehow shifted from utility-centered to price-centered? Before, Bitcoin is discussed mainly in terms of its features, its philosophy. Today, it's discussed primarily in terms of its price growth potential. Whether as a store of value, speculative asset, strategic reserve, or whatever, the focus is on its fiat equivalent.

There was actually a thread opened by d5000 discussing the odd and perhaps worrying way Bitcoin is being marketed these days, which is possibly founded upon a problematic narrative.

I'm seriously wowed about the real developmental stride the bitcoin and other crypto have achieved over the decade. Sometimes in 2015, bitcoin was seen as described as  the utility-centered but with the current market trend and the level of attention and adoption it's accruing is awe-inspiring and mind-blowing.

[Aanuoluwatofunmi]

ow in recent times big companies, organizations and countries are buying Bitcoin for financial reserve. In the next decades to come what do you think will be the mentality of those who are buying Bitcoin and those who wants to buy Bitcoin?

This is also where opportunity comes in, just like we were taught in economics, there is money cost as well as opportunity cost, if some were being informed about bitcoin and have taken decision for it acceptance and usage, then they will be ever grateful in the future for making such a decision, while if they were told but refused to take action over bitcoin adoption, then there is nothing to do than for them to witness others making profits with bitcoin in the future, but for those who would only be having the privilege of hearing about bitcoin for the first time in the future time, it will be left for them to decide right by them or not.

[aoluain]

Well in 2024 we witnessed a change of mentality from institutions towards Bitcoin.
In less than a decade we are going to see a change in mentality from the wealthy classes
when they realise Bitcoin is Digital Capital and a real option over Gold, Property and Scarce
collectible items which form traditional capital now.

I'm not sure about the "decades" I think changes will happen quicker than that as more
and more people come to realise what Bitcoin can offer

In the next decades to come what do you think will be the mentality of those who are buying Bitcoin and those who wants to buy Bitcoin?

I don't think there will be any new use case, we already know what BTC's use cases are, and in the future we are looking at mass adoption of those use cases. I.e. there would probably be more businesses, individuals and merchants ready to accept BTC as payment for goods and services, and more people would choose BTC as their option of a hedge against fiat devaluation.

I think the complete opposite, in the future new use cases and utilities will be
created on the Bitcoin network, we have only scratched the surface of
what can be built on the Bitcoin network or around Bitcoin itself just in terms
of financial services and products.

[goldkingcoiner]

When Bitcoin came out the idea of every enthusiast was that it was meant to make fast payment, not so many wanted to own Bitcoin but after so many use cases people trusted the network for the swift payment of any amount one can make in minutes. We get to see stories of people using Bitcoin to purchase food items, house, clothes and the rest. It all make sense until another decade Bitcoin gained significant value and many was impressed. The idea began to change, it now became a store of value. Enthusiast believed that if they buy some certain amount of Bitcoin and hold it for a decade they will have a good profit.

Now in recent times big companies, organizations and countries are buying Bitcoin for financial reserve. In the next decades to come what do you think will be the mentality of those who are buying Bitcoin and those who wants to buy Bitcoin?

I am certain there will be a new purpose

I think that slowly, countries are realizing the advantages of Bitcoin over fiat and that no matter how much they fight, they cannot fight progress. Bitcoin is the next generation of money. A global money.

[Catenaccio]

I think that slowly, countries are realizing the advantages of Bitcoin over fiat and that no matter how much they fight, they cannot fight progress. Bitcoin is the next generation of money. A global money.

Governments want power and control on their citizens in many things including finance. With Bitcoin or altcoins, they have more difficulties to control their citizens, so they are mostly against these things as much as possible.

They want to develop, and launch their CBDCs, to control their citizens better financially. It's their main plan that is not to make Bitcoin legal tender and give full financial freedom to their citizens.

With time, fortunately more green countries with Bitcoin Legal status.
Some world maps for Bitcoiners.
https://newhedge.io/terminal/bitcoin/legality-map
https://coin.dance/poli/legality

[X-ray]

I think this mostly influenced by technology as well, just wait until space exploration possible then you'd see digital currency like bitcoin to be needed more than ever, the one that's secured by big computational power, right now people fading the utility because they aren't really looking into the future, but so far bitcoin is for the future.

currently what attract people into investing in bitcoin is the deflationary nature due to capped total supply so they think it's a hedge against inflation which it is and pretty damn good one at that.

[BenCodie]

Before the mentality was that cash was king. Then the internet delivered us the truth and transparency on economic data as well as economic policy...people woke up - they realized that the people governing our money weren't so smart after all...many started investigating alternatives, Bitcoin being one of the most popular. The next shift? Protection and productivity. Savings accounts yield negatively against inflation, and standard jobs don't give you a rewarding life. People are waking up to these two facts and over the coming years, people will start to adopt their mindset toward more than just grinding a 9 - 5 to hopefully one day retire in their old age.

[davis196]

I am certain there will be a new purpose

Any idea about what the new purpose of Bitcoin would be? I can't imagine any other purpose for BTC, other than being a store of value.
The Bitcoin blockchain cannot be used for storing useless stuff like NFTs or other "digital garbage". This would make the blockchain clogged and it will increase the transaction fees. I also don't think that the "mentality" about Bitcoin has changes that much. Bitcoin was a speculative asset back in 2010-2020 and it still is a speculative financial asset. Most investors view BTC as a speculative asset. Their perception didn't change throughout the years. I'm sure that it won't change in the next decade(2030-2040).

[betswift]

I am certain there will be a new purpose

Any idea about what the new purpose of Bitcoin would be? I can't imagine any other purpose for BTC, other than being a store of value.
The Bitcoin blockchain cannot be used for storing useless stuff like NFTs or other "digital garbage". This would make the blockchain clogged and it will increase the transaction fees. I also don't think that the "mentality" about Bitcoin has changes that much. Bitcoin was a speculative asset back in 2010-2020 and it still is a speculative financial asset. Most investors view BTC as a speculative asset. Their perception didn't change throughout the years. I'm sure that it won't change in the next decade(2030-2040).

Runes would like to ring a bell for ya..
But I agree, for now, BTC can be used only for big purchases, in my opinion, not for a daily usage.
And it wouldn't change much, it's just that big guys would enter the same stage too.

[TheUltraElite]

What will happen in a decade or so depends on how the world changes, who takes power and which countries rise to global dais.

I consider bitcoin to be one of the leading investment options but who knows what might happen? In that context do not forget that precious metals are still holding themselves. They will not lose their significance even if their cost becoming lower than bitcoin.

I just hope people still following some shitcoins and understand their objective to make their creators rich and not investors.

[Spaceman1000$]

When Bitcoin came out the idea of every enthusiast was that it was meant to make fast payment, not so many wanted to own Bitcoin but after so many use cases people trusted the network for the swift payment of any amount one can make in minutes. We get to see stories of people using Bitcoin to purchase food items, house, clothes and the rest. It all make sense until another decade Bitcoin gained significant value and many was impressed. The idea began to change, it now became a store of value. Enthusiast believed that if they buy some certain amount of Bitcoin and hold it for a decade they will have a good profit.

Now in recent times big companies, organizations and countries are buying Bitcoin for financial reserve. In the next decades to come what do you think will be the mentality of those who are buying Bitcoin and those who wants to buy Bitcoin?

I am certain there will be a new purpose

I don't think there will be much of a new purpose because from the creation of Bitcoin, Bitcoin has definite purpose that are outlined, this is a decentralized assert that cannot be controlled by government, you can as well use it as Digital currency and as well invest in it as an asset you want to grow with time. So in the future I don't think there will be much changes as the only thing that I know will be that, there will be more and more investors and persons that will be scrambling to get as much as possible the number of bitcoin that they can have in their possession.