Bitcoin adoption is a process. It first needs to become a good store of value in order for it to transition into becoming a medium of exchange.

It’s already the best way to do peer to peer payments, it just takes time for mass adoption to kick in so everyone can use it as a medium of exchange.

Just look at every other currency throughout human history. Things that were a good store of value became mediums of exchange over time. Seashells, beads, silver, gold all worked as a store of value before it became widely adopted as medium of exchange.

We are seeing unprecedented growth in the store of value arena. We just need to be patient for the medium exchange part to take place. We are already seeing the groundwork being laid to make bitcoin better at the medium of exchange part with things like lightning, liquid, and cashu.

The market will inevitably choose a scarce asset over an easy asset. All it takes is time.