Is Bitcoin established already?

[The Cryptovator]

Bitcoin has made a very important step for now, making it a suitable asset to be traded.
Bitcoin is now very established, not involved in DarkNet Markets anymore only for such shady purpose, Bitcoin is not a shady market asset anymore, it is highly appreciated by BlackRock holdings as an asset and many more tech companies have bought Bitcoin.

Is Bitcoin already established in your opinion?

To me, yes. Bitcoin is an already established cryptocurrency. Although every country is still not allowing Bitcoin payments, developed countries are adapting Bitcoin, and it's become a global payment solution. Due to decentralised behaviour, even during the sanctions, Bitcoin payments still work. Just need to make sure to protect the privacy and not use any centralised platform to process the payments.

Besides that, it seems the biggest companies have been showing their interest in Bitcoin. To be honest, more than just a payment solution, Bitcoin becomes a global asset that has a store of value. Many countries are considering Bitcoin as a reserve asset. From that perspective, Bitcoin is already established and has become a global asset.

[MusaMohamed]

Is Bitcoin already established in your opinion?

To me, yes. Bitcoin is an already established cryptocurrency. Although every country is still not allowing Bitcoin payments, developed countries are adapting Bitcoin, and it's become a global payment solution. Due to decentralised behaviour, even during the sanctions, Bitcoin payments still work. Just need to make sure to protect the privacy and not use any centralised platform to process the payments.

Bitcoin is already established and I can use this Top assets by market cap to prove that. This ranking table is for all assets, including public companies, precious metals, cryptocurrencies, ETFs
https://companiesmarketcap.com/assets-by-market-cap/

Bitcoin currently stands at the 14th position with only a little bit lower in market cap compares to Tesla, $1.333 T and $1.388 T. It's a very solid evidence that Bitcoin has been already well established, not limited to blockchain and cryptocurrency industry but in general including all available industries.

Remember it is a current market cap and rank in a bear market, while next market cycle and bull run, Bitcoin can jump to top 8, top 5 and even can take over the position of Silver with $3.337 T in market cap now.

[Ishicryptic]

Bitcoin is well established as a store of value, it is an asset that individuals and institutions have come to trust that it has potentials to increase in value and become profitable, although volatile but it has always reached ATH. But if you're talking about being established as a digital currency for payments I wouldn't say that it is well established yet because a lot of crypto holders would rather hold Bitcoin for profit and spend fiat instead, even if they want to spend cryptocurrency I believe that most would rather spend stablecoins. Bitcoin has achieved a lot since it's creation and I think that we should still give it sometime before we can confidently say that it is very well established, it came out and changed a lot of narratives about centralized systems and it would take some time before a total paradigm shift will happen for it to be fully established as a day to day currency for payments.

[purple_sparkles]

Bitcoin is well established as a store of value, it is an asset that individuals and institutions have come to trust that it has potentials to increase in value and become profitable, although volatile but it has always reached ATH. But if you're talking about being established as a digital currency for payments I wouldn't say that it is well established yet because a lot of crypto holders would rather hold Bitcoin for profit and spend fiat instead, even if they want to spend cryptocurrency I believe that most would rather spend stablecoins. Bitcoin has achieved a lot since it's creation and I think that we should still give it sometime before we can confidently say that it is very well established, it came out and changed a lot of narratives about centralized systems and it would take some time before a total paradigm shift will happen for it to be fully established as a day to day currency for payments.

Bitcoin has reached a level in a relatively short period of time that hardly anyone could have imagined in its early days.Considering how rapidly digital and cashless payments are being adopted, adding bitcoin,or any other cryptocurrency, as a payment option isn't technically difficult. It simply takes a little more time for people to fully adapt and accept bitcoin as an integral part of the global economic system.

[Publictalk792]

Bitcoin has reached a level in a relatively short period of time that hardly anyone could have imagined in its early days.Considering how rapidly digital and cashless payments are being adopted, adding bitcoin,or any other cryptocurrency, as a payment option isn't technically difficult. It simply takes a little more time for people to fully adapt and accept bitcoin as an integral part of the global economic system.

Technically speaking, point is fair, as it is no longer difficult to add Bitcoin as payment option. That the system can operate on national level was shown in El Salvador, and that Lightning Network can make small transactions cheap and fast enough for daily use was shown in United States. Issue is not technical, it is human behavior. One does not spend assets that are thought to be, or are, growing in value assets. You do not purchase coffee on something that may cost you 5 times as much the following year.
That mental wall is, in fact, more difficult wall to get past than any technical challenges. It is either a case of Bitcoin price coming back down to level where spending won't be seen as waste or generation that is used to using Bitcoin as normal currency instead of get rich scheme. Both can happen and yet both are slow. Payment idea will not move forward opposite way around to store of value idea.

[Sammye3]

Is Bitcoin already established in your opinion?

Bitcoin adoption is still growing, its not completely adopted in all countries and businesses. Most people still prefer to use stable coins as payment means over bitcoin and hold bitcoin primarily for investment purposes.

Bitcoin is now very established, not involved in DarkNet Markets anymore only for such shady purpose

The stories of bitcoin used as payment means in DarkNet in the past tainted the image of bitcoin and that has being the perception that many have about bitcoin till date, but anyone who is informed would learn about the positive use of bitcoin as investment purposes and other intrinsic values. The use of bitcoin in the wrong way does not negate the importance or value it brings, both to the economy and it's blockchain.

[suzanne5223]

Bitcoin has made a very important step for now, making it a suitable asset to be traded.

Bitcoin has been suitable to be traded for years now; if i could remember correctly, it has been since 2017/2018

Bitcoin is now very established, not involved in DarkNet Markets anymore only for such shady purpose, Bitcoin is not a shady market asset anymore,

BTC is not only involved in DarkNet markets right from the get-go. The narrative of it being only involved with DarkNet markets is only pushed by some governments and institution, so people won't see the positive side of BTC.

it is highly appreciated by BlackRock holdings as an asset and many more tech companies have bought Bitcoin.

Yes, but the true intention is not totally good because what they want to do is tokenize BTC through an ETF, which treats BTC as a JPEG, and it could affect the decentralization of BTC if a high % of BTC investors choose a BTC ETF.

Is Bitcoin already established in your opinion?

Yes, BTC is already established nd the evidence of establishment is:
1. Sovereign and nation states (with the inclusion of the institutions) now hold it as a strategic investment.
2. BTC has now gotten mainstream recognition as a hedge against inflation
3. It is now positioned among the world's top market investments with high liquidity ever since it reached the $1.3 trillion market cap.

[Btcdeybodi]

Is Bitcoin already established in your opinion?

I will say NO because adoption is still growing and about 4% of the world population owns bitcoin so it will take many more years before bitcoin will become ''established''. Bitcoin went live in 2009 which means that it's been 17 years of its existence, it seems like a long time but considering the time it took traditional digital assets to become established, it can be said that modern decentralized digital assets like bitcoin is yet to achieve that height of global acceptance.

[Awaklara]

Is Bitcoin already established in your opinion?

Bitcoin is currently used by more people. Although not all countries accept Bitcoin as a means of payment, as an asset, Bitcoin is accepted, and many people take advantage of it. It's not just individuals, but also institutions who are getting in on owning Bitcoin. 
We see rapid development today, but Bitcoin hasn’t had a short journey. I’m not sure about the word established for an asset that is traded and volatile in the market. But from the market response, we can see that Bitcoin is definitely worth considering as a long-term investment asset.

[hd49728]

Bitcoin is currently used by more people. Although not all countries accept Bitcoin as a means of payment, as an asset, Bitcoin is accepted, and many people take advantage of it. It's not just individuals, but also institutions who are getting in on owning Bitcoin.

The Bitcoin legality map shows what you said, most nations accept Bitcoin legally. It is a little bit rolling back when El Salvador revoked their Bitcoin legal tender policy under pressure of IMF. In general, Bitcoin adoption growth has been very impressive since 2009 and current status globally is very good too.
https://newhedge.io/terminal/bitcoin/legality-map

We see rapid development today, but Bitcoin hasn’t had a short journey. I’m not sure about the word established for an asset that is traded and volatile in the market.

Bitcoin is a decentralized project but its development and technical proposal BIPs need considerable time to be voted and supported dominantly enough. It takes more time for developments than how Bitcoin adoption growth has been at much faster rate.

But from the market response, we can see that Bitcoin is definitely worth considering as a long-term investment asset.

Who don't want to invest money in Bitcoin if they know about this site where they can get Bitcoin ROI in comparison with other traditional assets.
https://casebitcoin.com/

[henmark]

Bitcoin has made a very important step for now, making it a suitable asset to be traded.
Bitcoin is now very established, not involved in DarkNet Markets anymore only for such shady purpose, Bitcoin is not a shady market asset anymore, it is highly appreciated by BlackRock holdings as an asset and many more tech companies have bought Bitcoin.

Is Bitcoin already established in your opinion?

Well, we can say that it is established to some extent, maybe not completely in terms of being accepted everywhere in the world, or being legal in all countries and regions, but it is recognized by some major countries, it is allowed to be used by most countries these days, and some others are still thinking to regulate it and actually make it legal, institutions are adopting it as allowing their customers to buy Bitcoin through them, millions of people are using it on a daily basis, so if we can consider all those things being signs of establishment, then of course, Bitcoin is established now, and it will keep getting better over time, as we expect.

I don't know where the DarkNet markets came from, because Bitcoin has never been a part of that, but I remember how mainstream media used to say that Bitcoin is a currency used by criminals for criminal activities, and that people shouldn't use it, but that was all done because they didn't want to let it establish and become a normal thing for people to use alongside fiat systems and currencies, they sensed at that time that Bitcoin could be a threat to their centralized establishments, so they were doing everything they could to push it away, but they failed, and we can see the resultant of that today.