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Author Topic: Bitcoin Adoption 2025: How Close Are We to Mass Everyday Use?  (Read 687 times)
fillippone
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April 14, 2025, 02:25:19 PM
Merited by Lucius (1)
 #41


I often wonder if 15 years is a long time or too short for people to accept something - but I can't help but feel that people simply aren't interested in BTC, not even from a profit perspective, let alone from a technological aspect. If we look at the global percentage, it is still below 5%, which is simply incomprehensibly low considering that BTC has entered the mainstream since 2017, and it turns out that since then, that percentage has increased by maybe about 2%.


Fifteen years is an eye blink in the grand scheme of things.
Let’s face it: Bitcoin is difficult to understand and aims to replace gold, at minimum.
Gold took probably a few thousand years to be understood and served as a good store of value for a few thousand years thereafter. We cannot expect Bitcoin to evolve so quickly. It will take time to embrace this paradigm shift.

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Will Bitcoin hit $200,000
before January 1st 2027?

    No @1.15         Yes @6.00    
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April 14, 2025, 04:22:37 PM
 #42

Fifteen years is an eye blink in the grand scheme of things.
Let’s face it: Bitcoin is difficult to understand and aims to replace gold, at minimum.
Gold took probably a few thousand years to be understood and served as a good store of value for a few thousand years thereafter. We cannot expect Bitcoin to evolve so quickly. It will take time to embrace this paradigm shift.


However, today we live in an age when information is available to anyone who has internet/TV or reads newspapers regularly - so we can assume that at least 50% of people in the world have heard of something called Bitcoin. I think it's hard to compare BTC and gold in terms of how people perceive them, because I've often come across a lot of confusion from those who simply don't understand the concept of something that's not tangible compared to gold that you can hold in your hands.

A concrete example from my country perhaps describes it best - because a few years ago, in an attempt to get hold of the money that ordinary people keep in the bank, my government started issuing government bonds - and regardless of the relatively low interest rates (still higher than the banks offer), billions of euros started pouring into the state coffers, and this is still happening today. When ordinary people are asked why they invest in this way, the most common answer is that there is nothing better (safer) on the market.

Maybe it's just that people like to play it safe, or that they still think that BTC is some kind of internet scam or something that criminals use to launder money. Anyway, I hope it won't take thousands of years for people to understand what Bitcoin is, because I'm not very optimistic about such a distant future.

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.Duelbits PREDICT..
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.WHERE EVERYTHING IS A MARKET..
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Will Bitcoin hit $200,000
before January 1st 2027?

    No @1.15         Yes @6.00    
█████
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██
██
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  CHECK MORE > 
Ultegra134
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April 14, 2025, 08:35:47 PM
Merited by Lucius (1)
 #43

Fifteen years is an eye blink in the grand scheme of things.
Let’s face it: Bitcoin is difficult to understand and aims to replace gold, at minimum.
Gold took probably a few thousand years to be understood and served as a good store of value for a few thousand years thereafter. We cannot expect Bitcoin to evolve so quickly. It will take time to embrace this paradigm shift.
I agree it's difficult to understand for the average person, while I fully support that it's still a new development. I also believe what @Lucius mentioned as well: a large number of people acknowledge Bitcoin, even though they don't fully understand it. Can it be compared to gold? They certainly have some similarities, but as Lucius mentioned, one is tangible and the other is digital, which is why the average person respects gold as an asset much more than Bitcoin.

Whether we like it or not, Bitcoin, cryptocurrencies, and blockchain technologies are complex matters that aren't for the average internet user. Expecting Bitcoin to be used for daily usage is "absurd" in a way that it's similar to transacting with gold. Bitcoin has become way too valuable to be used for something that I can pay with fiat or simply a stablecoin if I want to use crypto.

 
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April 14, 2025, 09:53:23 PM
 #44

It’s clear that Bitcoin is no longer in its early stages, as it’s already being regulated by major countries. Some have even proposed adding it to their reserves. My question is about Bitcoin’s adoption level. do you think there’s still significant room for growth at this stage, or have we neared maximum adoption?

We have not earned maximum adoption and there is still room for growth. Checking from the world population and how many people have embraced and are into bitcoin, it would just be few in a millions, I feel until more people use it for daily transactions and investment purpose, we may not say we have achieved maximum adoption of it yet.

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Can Bitcoin realistically become a common method for daily transactions?  please guys, I’d love to hear your insights, especially if there are factors I might have overlooked.

Looking forward to a productive discussion (and no spam, please!).

For daily transactions, I don’t think we would have gotten this far adoption if that’s what most of the people owing bitcoin are using it for. Most of them are using it for investment purpose only, as a store of value and not for transaction sake as an alternative to fiat currency.

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April 17, 2025, 12:33:13 PM
 #45

For daily transactions, I don’t think we would have gotten this far adoption if that’s what most of the people owing bitcoin are using it for. Most of them are using it for investment purpose only, as a store of value and not for transaction sake as an alternative to fiat currency.
In that case we're still far from the widespread adoption we're hoping for. And IMO,  if Bitcoin can't realistically compete with fiat transactions in terms of speed and cost, we'll need solutions like the Lightning Network to bridge the gap. But even Lightning Network adoption hasn't gained significant traction yet.

This makes me question whether our expectations will actually materialize. Bitcoin may never reach its full potential if it continues to be viewed primarily as an investment rather than a practical currency for everyday use.

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April 17, 2025, 01:27:23 PM
 #46

Currently, Bitcoin usage is mostly focused on investment and some on transactions between users. It is not widely used in daily transactions because people think that Bitcoin is more appropriate for investment and there are fees for each transaction with Bitcoin that discourage people from using it, for example when they want to buy coffee or snacks. Another problem is that some governments regulate Bitcoin only as an investment instrument and cannot be used for daily payments, making people unable to use it like fiat.

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April 17, 2025, 05:14:28 PM
 #47

Bitcoin is unlikely to become a primary method for everyday payments, but it still has room to grow — just in different roles, not as a daily-use currency. And it's not even about the cryptocurrency itself — it's about people simply not being ready to use Bitcoin that way. It's like walking around and paying for coffee with tiny pieces of gold — to me, that just feels like an impractical waste of a valuable resource
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April 17, 2025, 05:37:25 PM
 #48

Currently, Bitcoin usage is mostly focused on investment and some on transactions between users. It is not widely used in daily transactions because people think that Bitcoin is more appropriate for investment and there are fees for each transaction with Bitcoin that discourage people from using it, for example when they want to buy coffee or snacks. Another problem is that some governments regulate Bitcoin only as an investment instrument and cannot be used for daily payments, making people unable to use it like fiat.

Bitcoin, as for now, is an ultimate store of value.

May it become something else? We will see it ourselves Wink

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