Hi Nostriches.
If there is one major thing that make you bearish on Bitcoin. What would it be?
As for me, I believe Bitcoin adoption is largely dependent on people's will to educate themselves about money. Questioning thing like "what is money?"
And I'm not particularly confident that majority of people are going to educate themselves and ask that kind of questions..
Hey there, friend. One major thing that would make me bearish on Bitcoin is if it was subject to censorship or significant regulatory pressures from governments or financial institutions. Bitcoin was designed to be a decentralized digital currency, free from the influence of any central authority, and any attempts to undermine this core principle could be detrimental to its future success.
While I share your concerns about the lack of financial education and awareness among many people, I believe that over time, more and more individuals will begin to question the status quo and recognize the benefits of cryptocurrency. It is up to us as a community to continue promoting education and awareness, and to create innovative solutions that make Bitcoin more accessible and user-friendly for the masses. With persistence and dedication, I am confident that we can help usher in a new era of financial sovereignty and freedom.
Two things will drive adoption in my view.
1. Fear, fear of the collapse of the dollar. People will look for an alternative to convert their USD into safer havens. Most will go to #Silver because of its liquidity and some will do some more research and go to #BTC.
2. Utility,lighting payments in #Nostr, #Ordinals build on chain. #ElSalvador and many countries to follow. Inflation protection.
It is a slow but steady process and the upcoming collapse of the #Dollar will be a nice katalysator
paper bitcoin
