What’s more important for Bitcoin adoption? A) Merchant onboarding B) Local Bitcoin circular economies

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Both.

A

Bitcoin economies turn more circular one merchant at a time so it's kind of the same thing. If you live in Lugano and can pay everything with Bitcoin, that's great but the degree to which a bakery in Lugano helps with bitcoin adoption in Germany is close to zero. Lugano is a great story to convince a bakery in Springfield but Amazon accepting Bitcoin would probably help more.

Both

B

Merchants will drive the next wave of adoption IMO.

The people and businesses creating value will eventually demand (not accept or prefer) to be paid in Bitcoin because it is the best store of value.

Everyone who wants their product or service will have to pay in Bitcoin.

This is the 1M to 50M moment.

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🤔 B includes A

A

But 'A' will happen naturally as more merchants understand the store of value.

They'll want to accept it, instead of converting BTC to fiat, and then they'll be extra pleased when they realise that they can also save on the percentages that banks and credit card companies take

B

B is more important for humanity, bitcoin adoption will follow it

I think probably merchant onboarding