Do people really want to pay with crypto currency? It makes sense in underdevelopment countries or when you can't use fiat like in venezuela because of hyperinflation. But if you live in a developed country and bought bitcoin as a digital store of wealth, why spend the money and not keep it invested when price over long term only goes up? That's the problem of deflation, people don't want to spend anymore. I think for bitcoin to really break trough as a payment system fiat needs to fail hard.
You are viewing a single comment's thread from:
People won't want to spend crypto until it is as easy as using dollars, or easier. Which may not be for some time yet. Massive inflation in major currencies will probably help speed that along.