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100 sats \ 1 reply \ @phygit 6 Apr 2023 \ on: When will we know if Bitcoin succeeded? bitcoin
Quite easy. Bitcoin has won if a "significant" number of people (say, hundreds of millions) use it as a daily currency.
Meaning:
. Salaries partly or fully paid in BTC
. Taxes paid (or at least allowed to be paid) in BTC
. Most expenses/shopping paid in BTC (food, transport, utilities)
As long as Bitcoin is seen mostly as an "investment", a trading asset, some sort of "digital gold" or, worst, a "get rich scheme", it means it's failing.
Full send!
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