Is Bitcoin Adoption by the General Public Really Booming?
It's time to think beyond the speculation and excessive financialization that BlackRock and Michael J. Saylor want to impose on us.
At the start of 2023, I pondered the biggest barriers to mainstream adoption of Bitcoin, while offering solutions in each case. The article is still available here:
“The 5 Biggest Barriers to Bitcoin Adoption (With Their Solutions)”
The 5 Biggest Barriers to Bitcoin Adoption (With Their Solutions).
Regardless of the cycles its price is in, Bitcoin continues to see its adoption grow. While Bitcoin reached 100 million users in September 2020, there will now be around 219 million Bitcoin users by the end of 2022.
In the background, there has always been this twofold reflection within the Bitcoin community:
What is Bitcoin adoption by the general public?
How can we accelerate Bitcoin adoption by the general public?
You'll see that the answer you give to the first question will determine the rest of your perception.
As of January 4, 2025, BlackRock and Michael J. Saylor's MicroStrategy own a combined total of almost 1 million BTC. All the financial giants, including BlackRock, hold over 1.1 million BTC on behalf of their clients via their Bitcoin Spot ETFs.
Does this mean that Bitcoin's adoption by the general public is on the right track?
Is it enough for people to invest in Bitcoin via middlemen as if it were just another asset?
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