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Topic: Bitcoin Adoption Report Card - Year 12 - page 2. (Read 220 times)

legendary
Activity: 3472
Merit: 4801
November 18, 2021, 01:28:31 PM
#2
middle class in developed countries aren't going to pay $6,000 for 1/10th of something, or $600 for 1/100th of something.

And yet I know MANY that have, so clearly this is a completely false statement.

Maybe that's because most of the Middle Class is capable of understanding that they aren't getting a fraction of something? Right now $1 will get you more than 1,667 of something (satoshis, the spendable unit of the Bitcoin currency).
member
Activity: 138
Merit: 14
November 18, 2021, 06:17:05 AM
#1
Bitcoin class adoption has become the following at year 12:

- Poor man's currency

- Wealthy man's dangerously appealing new asset class

- Middle class man's not very much. Middle class in developed countries have way better medium of exchanges (or are at least viewed as such), and middle class in developed countries aren't going to pay $6,000 for 1/10th of something, or $600 for 1/100th of something.

Overall adoption grade: B-


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