Headline Observation | Is it too late to enter the Bitcoin market now?

If you still doubt that Bitcoin is in its infancy in terms of public adoption, try asking random passersby the following questions: What is Bitcoin? How does Bitcoin work? Don’t expect miracles, not many people can answer these questions in layman’s terms. If one day someone on the street can answer these questions in depth, then it will be too late to enter the Bitcoin market. Until then, you can rest assured to participate in the Bitcoin revolution.

2F

Bitcoin’s biggest value proposition right now is clear: protecting people’s private property from monetary inflation in a censorship-resistant way. This is the most widely held view in the Western world. In the future, more and more merchants will support Bitcoin as a means of payment. It will take time, but Bitcoin’s adoption in this area will continue to grow. In many countries, Bitcoin is already used as a preferred means of transaction. Those who think Bitcoin is not widely used should open their eyes and look outside the Western world.

3F

The media that talks about Bitcoin is mostly negative. Most of these journalists know nothing about Bitcoin. They are content to spread a false "righteousness" coming from the current financial system. As Bitcoin becomes more popular among the public, the media has no choice but to start identifying with Bitcoin's value: a monetary revolution that will eat up everything. As long as most of the mainstream media keeps their bias against Bitcoin, you can rest assured. It means we are still far away from mass adoption.

People with vested interests affected by revolutions like Bitcoin always have this feeling: "First they ignored it, then they laughed at it, then they fought Bitcoin, and finally Bitcoin won." Bitcoin has passed the first two stages. Currently, the Bitcoin revolution is between stages 3 and 4. The conservative forces in charge of the current financial system are still fighting against Bitcoin, but more and more leading figures in the financial world are embracing Bitcoin. Everyone knows that the success of Bitcoin is inevitable.

In this case, it is best to be on the side of history. Some governments, central banks, and economists continue to resist Bitcoin, calling it a dangerous tool used only for money laundering. History will only shame them as they continue to attack Bitcoin using the same outdated arguments.

5F

Bitcoin opponents have long criticized its outdated technology. But these opponents do not understand that Bitcoin’s dominance is not based on its technology, but on its superior monetary properties. Bitcoin’s technology is designed only to make Bitcoin’s monetary properties credible. And it works perfectly, as shown by the increasing number of users who trust the Bitcoin network to safely place their assets.

Bitcoin is the king of digital currencies because it inspires the most trust among users. Bitcoin’s scalability is not its greatest value proposition. On the other hand, in order to use Bitcoin as a means of payment in everyday life, its scalability will have to be greatly improved. This is the work being done by the Lightning Network, a second-layer solution built on top of the Bitcoin blockchain. As long as the use of the Lightning Network is not yet widespread, it is not too late to enter the Bitcoin market.

6F

Bitcoin is often accused of being complex to use. I disagree with this view because, on the contrary, I find that a lot of progress has been made in recent years. Nevertheless, I am a developer who has been using Bitcoin for many years. I may not be the right person to judge the user experience of Bitcoin. If the general public feels this way, then it is necessary to do something to improve the user experience. The good news is that the Bitcoin community is full of high-quality developers who are constantly working on solutions to improve Bitcoin usage. This will continue to improve in the future. The day when no one complains about the complexity of using Bitcoin anymore, you may be too late in this new world. In the meantime, you need to work on completing your knowledge to use Bitcoin. This will allow you to seize the opportunity of a lifetime.

Bitcoin is the only truly free currency in the world, where users are always able to determine the equilibrium price. This means that volatility is a feature of Bitcoin, not a bug. If you buy Bitcoin, you must learn to make the price fluctuations your biggest advantage. The reason why Bitcoin price volatility is so high is also because its market capitalization is still relatively low. Bitcoin's market capitalization is still much lower than gold. When Bitcoin reaches the market capitalization of gold in the next decade, you can expect its volatility to be much lower. It is obviously still early.

When Bitcoin just hit a $1 trillion market cap, the revolution had just begun. Bitcoin’s future potential is more staggering than anything realized in the past twelve years. If you believe in the Bitcoin revolution, it’s not too late. In fact, it’s about time.