If you ask when we will not be able to give you the answer. but what is certain is that Bitcoin has been used by some countries or some business people as a means of payment as an alternative to using fiat.
Bitcoin is designed for currency ownership that is 100% under your control which you can transfer for your needs or other transactions according to your wishes without interference from other parties.
Currently, when you deposit money in the bank, you also authorize the Bank to use your money for the Bank's needs.
Currently, more countries accept Bitcoin as an investment asset. but that doesn't preclude the use of Bitcoin as a means of payment. it's just that each country has its regulations regarding the legal use of currency.

Because it's still in the discovering price period, and a lot think that the price might be higher and higher so here you have the volatility coming in, until we get past all those phases like the current ETH approval, the incoming halving and maybe even the next one we will still have swings as news, hype, fomo and everything else will still influenced the price in a disproportionate way.

And until this phase passes and no longer you can dream of 5x in a year or two you will not see people spending their coins, because...why would they do it unless forced?


I have a feeling that if we run the numbers there are more people entrusting their Bitcoins to banks (Binance,Coinbase,Kucoin...hmm let's add FTX,mtGox) than there are people paying for stuff and goods or services directly in crypto.And, I still think Bitcoin is doing better in those stats than other altcoins, I'm sure all under top 20 have just exchnge<>wallet<>exchnge activity.

Telling you this is just like telling you what the future is about, which will not be true; furthermore, it will be very hard to get this answer because nobody knows what will happen. If you ask what will happen tomorrow, you can see that it will just be a prediction, but the thing is that nobody will tell you when Bitcoin will be accepted as a means of payment world-wide if that is what you are talking about because the currency is not accepted in many countries. The only thing I can tell you is that some countries have accepted it. and even in those countries, they did not fully accept it as an alternative payment method because they have their own local currency.


Yes, actually, the main purpose of creating bitcoin is to make payments when purchasing something, but due to its volatility, people have discovered another way of investing, and seriously, I can say that it is because of this investment that Bitcoin has gained more recognition now. If not, I don't think it would have gained this popularity. If not, I don't think people will accept it this way, and now that it has saved many individuals from poverty, lack of jobs, and some other things, the aspect that contributes to making Bitcoin a viable payment method is this investment.

I'm talking about some people who invested and still use it to pay for something if they buy something from a store where they accept Bitcoin. so I think investment also contributes to making Bitcoin a viable means of payment. With time, everything will go as it is supposed to because you know it is going to be something that will happen in a short period of time.

Well, currently, bitcoin is definitely seen more as an investment rather than a means of payment for goods and services as it was initially designed.
But what if I tell you that Satoshi actually designed bitcoin to also be regarded as an asset to be invested in?

Have you ever wondered why Satoshi capped the total/max supply of bitcoin to 21 million?
Do you know that law of scarcity and demand? Which states that, when something is very scarce, and there demand for it keeps increasing, so also does that price or worth of that thing keep increasing.

All this (plus more) are what Satoshi had in mind when he designed bitcoin, he sure wrote in the white paper that bitcoin is an electronic peer to peer cash system, but trust, if Satoshi really wanted bitcoin to serve as an instrument of payment for goods and services alone, he would have made the bitcoin supply to be infinite, so that the price will be relatively low and stable.