The question of whether Bitcoin needs to reach a certain price for it to be used by the majority, or if a majority of people using it will raise its price to a certain level needed for mainstream adoption, is a bit of a "chicken and the egg" problem. There isn't a certain price that will lead to the majority using bitcoin, because as we approach a majority of the population using bitcoin, the price rises significantly. Each one causes the other, so it's a gradual process.

For almost 15 years, this process has come in the form of market cycles that are approximately 4 years long, likely due to the length of each halving cycle. As the supply of new bitcoin is cut in half, and demand remains 𝘢𝘵 𝘭𝘦𝘢𝘴𝘵 the same, the price rises. This attracts attention from more people outside the market, so they jump in, which pushes the price up more. The sad reality, however, is that most people get into Bitcoin during a bull run, and most of 𝘵𝘩𝘦𝘮 get in just before the cycle top. And as the number of new buyers diminishes, the price falls back down, and finds a new equilibrium, before starting the next bull run.

It's during the bear market when most of the new users either sell their bitcoin at a loss, or hodl while they wait for the next bull run. But as Ralph Waldo Emerson once said, "𝘛𝘩𝘦 𝘮𝘪𝘯𝘥, 𝘰𝘯𝘤𝘦 𝘴𝘵𝘳𝘦𝘵𝘤𝘩𝘦𝘥 𝘣𝘺 𝘢 𝘯𝘦𝘸 𝘪𝘥𝘦𝘢, 𝘯𝘦𝘷𝘦𝘳 𝘳𝘦𝘵𝘶𝘳𝘯𝘴 𝘵𝘰 𝘪𝘵𝘴 𝘰𝘳𝘪𝘨𝘪𝘯𝘢𝘭 𝘥𝘪𝘮𝘦𝘯𝘴𝘪𝘰𝘯𝘴." So whether they sell or hodl, they begin learning all about Bitcoin, some slowly and others quickly. Sooner or later, these new users fall down the Bitcoin rabbit hole, become Bitcoin maximalists, and get primed for the next bull run following the next halving. And the cycle repeats.

I can't tell the future of course, but based on human psychology, and the history of these 4 year market cycles, this will likely continue, at least until the majority have a proper 𝘦𝘥𝘶𝘤𝘢𝘵𝘪𝘰𝘯 about Bitcoin. And that's why I'm here: to help facilitate that proper education.