#Bitcoin's current limitations, such as high transaction fees and slow processing times, make it impractical for small, everyday purchases like buying coffee.
President J#oeBiden's proposal to increase the capital gains tax for high earners could further deter its widespread use for such transactions, as it could increase the tax burden for those who choose to spend their bitcoin.
However, second-layer solutions like the Lightning Network offer promise for facilitating faster, cheaper transactions, potentially making bitcoin more viable for everyday purchases in the future. Until then, it's more likely that bitcoin will be primarily used as a store of value or for larger transactions.