Bitcoin's popularity has been increasing ever since the bull market of 2017 took place. Even with the pandemic, prices have recovered to their original levels (near $10k) in just a matter of months. More people are accepting Bitcoin worldwide, albeit at a slow and steady pace. I've seen many sites out there in the online world which accepts Bitcoin for goods and services. But the number of businesses and merchants accepting it for food or groceries are quite limited. In the physical world, supermarkets and even fast foods haven't even adopted Bitcoin yet. Fiat is still the predominant type of currency in the mainstream world, for buying items that are required for one's survival.
Do you think that in the future it'll be possible to buy food or groceries with Bitcoin? I know that volatility is a huge issue for Bitcoin to be accepted as an alternative to traditional Fiat, but merchants and businesses could quickly convert Bitcoin to a stablecoin minimizing the risk of loss. What are your thoughts?
This topic has been discussed so many times.What's the point of starting the same discussion all over again.
Bitcoin will most likely remain to be used as "digital gold" and online financial asset.
Do you go to the grocery store to buy food using real gold,stocks and bonds?I don't think so.
Accepting BTC payments and then quickly converting BTC to a stablecoin makes the whole process of BTC adoption pointless.
If the merchants are so afraid of the BTC price volatility,they would never accept Bitcoin payments anyway.