Topic: Growing Bitcoin demand among people.... (Read 210 times)

The demand has been continuously rising from the past some time and you will find that during the pandemic the exchanges witness huge rush in number of users and volume and back at the time of coinbase listing it's net volume was at peak and same situation was of the most of the exchanges as the demand curve was moving upwards with great momentum.All these people who were against btc at one time saw huge profits associated with it and those who understands inflation and fiat devaluing they prefer to invest in Bitcoin and smart investors go with the the trend.There are some illustration for the same to know btc adoption:

   

The demand is growing and the supply is limited to 21 million only and the simple rule of economics is :

Demand> Supply = Price boost
Supply > Demand = Price dips

People have substantially started investing in bitcoin for the same reason as most of them are gathering knowledge about the same and wanted to be part of financial revolution.But if we talk about the CDBC's they are not going to work effectively at all because they are just digital form of your fiat and they can't protect you from rising inflation as most of them will be pegged to the same value of legal currency and won't benefit you as resident but will give huge profits to the government due to which they are focusing more on it as it cannot be used for some bullshit reason.

I have particularly argued about gold vs bitcoin many times and you will see there is always a small group of people who still feel pride to hold gold as status symbol in the society even if it has not given any returns in past 10 years.There was post by Ratimov in which he explained that $1000 investment in gold in past 10 years would be $996 today so we can say it's no more safe heaven and people are blindly trusting the media who portrays it as best investment but they will be one who will be regretting later on.The gold supply is not limited but Bitcoin's is so we can't waste time in convincing the people what's best as slowly they will understand.But hope it's not too late for them.

It is reasonable to expect that the demand for bitcoin will continue to increase among the public as the mainstream media take advantage of bitcoin's best momentum (ATH) and report on it non-stop all the time. Support for bitcoin continues to come from various parts of the world where investors may agree that bitcoin is the asset with the most potential to generate profits even though its current price is very high.

In my country or where I live, bitcoin is still a hard thing to accept even when I can tell them that the price has reached an ROI of 41767.16% since its launch. They are not familiar with this type of investment because most people still believe that gold is still the most profitable option without big risk to invest. A person may be willing to buy 1 KG of gold without hesitation about its price fluctuation, but they may not be brave enough to buy 1 bitcoin until today.

The influx of investors into the Bitcoin network would definitely continue to increase, I have the feeling that it (mass adoption) has taken massive step forward in the last one year, starting from the beginning of the pandemic till now, I think many people are coming to the realization that's it's massively beneficial to be their own bank and control their finance, and not keep it in a bank account that the government can freeze at anytime, I also believe many other people and institutions are aware of how inflation continually affects the traditional financial institutions, thus they are running to the Bitcoin network to use it as a hedge to fiat devaluation, etc.

Having said that, I expect the demand to keep increasing, most governments may still remain hostile to it, and try to create CBDC's to divert people's attention from Bitcoin, but the more individuals become aware of the benefits of the Bitcoin network, they will pay less attention to the many anti-Bitcoin policy and ploy of the government and subsequently the demand of Bitcoin will continue to grow.

I also came to know about all these famous names although many people might not be familiar with some or all of them mentioned in this list but for music lovers and sports person they are somehow known and when i came to know that they are demanding bitcoin it was surprising for me and happy to see adoption at such scale where they are preferring btc payment over the traditional inflationary fiat that has been the main source of income for them.But now they want profits with what they are earning and smart investors choose bitcoin as the option because of security, returns over long run, complete decentralization of funds and deflationary nature to counter the inflation.

It's true that at some point of time they will have to leave this profession like of playing as there are age restricting factors and one NFL star OKung has already retired from the club what i think and has demanded that his rest salary to be paid in bitcoin.

Saving at an early stage is crucial because if you start saving at old age you are then leaving it for your coming generations but not enjoying your life at the same time.They all are having good life because they earn so much at the current time also and even inflation won't hit them hard in coming time as they have so much with them but still they want to have secured future with btc as holding them for long will provide them profits even if they leave the work.So the demand is more you see.

The adoption curve is taking boost and it is having some mountain drifts as everyone wants it but the supply is limited to 21 million only.

Talented artists have the idea that they won't remain in the music mainstream for long. A time will come, up and coming talented musicians will hijack the industry from them. So, now is the best time to invest their income. Learning from their predecessors that spent their wealth lavishly on expensive cars and chain necklaces which led a lot of them in-debts. Some faced tax invasion case in court which ruined their career the more.

Bitcoin is the best idea for trending artists right now. However, they need to plan ahead of time. So, when they retire they will have a legit wealth to fall back to. But, hope they are all aware that bitcoin is a two edged sword it could turn out to be profitable or may be a catastrophe.

IT WILL BE  ;DFUN TO HAVE CELEBRITIES RUNNING TO THIS FORUM TO ASK QUESTIONS ABOUT BITCOIN.

Thank you for sharing this information. I really and many people who gives Bitcoin a chance and they just tried to do it and use it as an actual currency.

I wasn't aware that the band OneRepublic has tried to accept bitcoin as payments that's so cool to see it in the music industry. I know that some artists are looking into NFTs and that's just the beginning for sure.

I'm looking forward to the even more mainstream adoption of NFT to video games and other stuff as well. What I mean about this is that companies like Ubisoft can utilize the Blockchain already. I can't wait for this application.

People that are not seeing bitcoin as futuristic growth option and are completely relying on the so called political parties and enjoying their life wasting them on useless expenses is going to regret later on.How come they not see that what is causing inflation? And what the hell the leaders are doing to make some changes towards the economic conditions of the country? They are coming up with new ways to tax common people and printing more notes only to reduce the fiscal deficit but in a reality they are devaluating their native currency and creating hyperinflation situations only.

The world now required investment to some safe asset like bitcoin which is deflationary and can protect them but as you said general public is so much convinced and trapped in social barriers that have put curtains of fiat against btc and when the play will be over they will regret again not having btc.

At least General population will accept it though in the last but what about government and other centralized entities that are showing strong resistance towards BTC and seems like they will never accept it. Those who are entering right now in the crypto market are booking there future reward. One key person OP missed is Elon Musk

First of all, I believe we have more than enough celebrities who have already accepted Bitcoin as payment or invested in it but the problem is that only a few of them make it publicly. If a Former wall street banker launched a $1.5Billion crypto venture fund and Micro Strategy bought more Bitcoin which is over $414Million in cash, you are the capital investors?
I don't know why most of them don't make it publicly maybe it is for their personal reason or they are just following some security measures but one thing is sure.
There are more good days ahead for Bitcoin.

No, we don't have to reach 100k by the end of this year, as long as we move in the right direction.  

The demand for bitcoin has skyrocketed recently because the cryptocurrency has hit record levels with a sharp price increase. As an investment in bitcoin has been booming, it has become more acceptable for customers to demand it as a payment option. The cryptocurrency has a huge market share with a lot of people around the world believing in it.

Paying for goods and services with bitcoin seems to be a common trend in most parts of the world. This indicates a positive outlook for the cryptocurrency in the near future. So, the high demand for bitcoin also indicates a better outlook for bitcoin as an investment. And the circle closes.

People with enough understanding and knows the benefits of holding bitcoin will really want to be compensated/ get donation in bitcoin or even just a part of it, say 10% bitcoin, the rest is fiat.
Antis will always find ways to oppose it, not until they found out it could benefit them the most

For over 10 years of Bitcoin soaring high over and over, people sure has to wonder why BTC keeps coming up desoite being buried over and over.  As adoption goes this kind of level that even politicians are now starting to discuss Bitcoin just to get noticed, its satisying to see its finally happening. Artists are usually goinv to make thing famous this time declaring yourself to be a BTC holder makes fans love you more.

There are still resistance, but with 2nd term of FED chairman I guess the printing continues and people will realize its still BTC that we need. There will be more BTC demand,  it may not hit 100k this year but it will get there.

I am sorry for any government that still hasn't acknowledge crypto-currency all they are doing is wanting bro do the catch up game after the realise that they can't stop crypto-currency, and no, I don't think Influencers held Bitcoin reach this adoption (2022). Rather Bitcoin helped raise some Influencers to where they are and now that Influencer role is putting food on their table.

Reading the white paper of Bitcoin you assimilate the uniqueness of Bitcoin and crypto-currency, my curiosity made me interested in crypto-currency but if it wasn't worth it I would have left, not even if the biggest Influencers Influenced it. Am still waiting on my country to come to terms with the BITCOIN adoption.

• The bullish case for Bitcoin
• Purchasing power of the US. dollar over time

In [1], see the Lindy effect that is exactly what we are witnessing. Bitcoin was much more vulnerable and more closely to death in 2009, 2010 or 2011. Fortunately, now more than a decade since its birthday, Bitcoin becomes stronger and I believe after a next decade, we can say Bitcoin is here to stay.

In [2], you can see how the purchasing power of the US. dollar falls over time. It is a case study only but other fiats have the same decreases. It is because of inflation but since the pandemic, what do we have? Hyper inflation.

Demand on Bitcoin will increase when more people realized that they only get decreasing capital if they hold fiats.

I think many people have started to invest and purchase BTC due to the heavily influence of media and hype. I just really hope that once these people invest, research is mandatory to prevent any misinformation being spread.

Remember the boom that happened back on the last quarter of 2017 when the price of BTC reached $20,000? After the first quarter of 2018, its price dropped significantly and the people who rode the hype and invested on its ATH complained and spread false information about BTC, without even knowing its volatile nature. But to be honest, it is very refreshing to see the development and recognition of BTC.

General population will be the last to accept Bitcoin and they are just following the heard mentality, but smart people can see that fiat inflation is growing and leading towards hyperinflation.
Smart people and sportsman you listed above are thinking with their head, and they are just trying to avoid losing their wealth by investing in Bitcoin.
Alternative option for this is to trust your government and professional liars called politicians, and than let's see how far both ways go in few years.

It's only natural that there is an element of variation in the natural world existence and people who question and doubt innovations at its growth phase. For this reason, we have several skeptics with the skepticism about bitcoin and several other cryptocurrencies out there. Then we have the risk takers with the the idea of 'so what, if we loose!'. The risk takers who don't mind but jump in after a proper research and looking into. That's the investor mindset and I tell you, you gain a lot with such mind set. The reward and lose builds up experience, approach towards things and worth as well.

It's always best to jump on board whole the ship is still at the harbour than when the voyage has begun. Its still early, these investors realise it and the news of these deals will pave a new way for bitcoin and cryptocurrencies. The world would accept bitcoin one day, maybe not as a world currency but for the currency that it is.

Bitcoin is not a new term to most of the investors or general public in whole and it's all over the news due to increase in prices,major companies making move to accept it as mode of payment or investing huge sums of money into it like Tesla with approximately 42k bitcoins and Microstrategy with 110k bitcoins in the balance sheet.We all know how much importance and recognition it has gained with time in the period of 13 years

There was time when many did not embrace it or didn't like to invest as government and media have potryed it in negative sense like it is used by criminals and all other illicit works are carried out by it.But with time when people came to know about the true use case of bitcoin and prices were increasing due to demand many people become interested in buying and investing in bitcoin.We heard many are accepting btc payments and recently El Salvador accepted it as legal tender which was turning point of btc.But now there are so many people who wants to accept it and here are some of the famous people joining the btc club.

Here i am listing some people,band, club, players accepting btc this year.

1) US Senate candidate Katie Britt announced her campaign is now accepting btc donations through Bitpay app.She is accepting btc donations for election campaign and she has updated the page with that also and you could find out it here:




Donations


2) OneRepublic has signed a deal to accept bitcoin payment for the next show and they have become first major US artist to do so.




One republic accepts btc


3) The latest NFL star Odell Beckham Junior announced that he will take his 100% salary in Bitcoin through a partnership with Strike app and according to his salary he could make $4.5 million in one year.He has signed deal with Los Angeles Rams and here is his contract according to reports:




ODL nfl Bitcoin deal

4) Perth Heat the Australian baseball club is next one on the list to pay their employees in Bitcoin and also holds btc on their balance sheet





Perth Heat paying employees in Bitcoin

5) Another NFL star Russel Okung is also accepting Bitcoin and has demanded to be paid in Bitcoin for his pending salary.He has also converted his half salary of $13 million into Bitcoin.



Russel Okung btc demand

6) Aaron Rodgers is the next on the list to take some portion of his salary into bitcoin.He has also tweeted about the same and also giving away $1 million in bitcoin to his fans while in partnership with cash app.





Aaron taking salary in btc

7) Rapper Meek Mill has also recently announced that he is getting his next record deal paid in Bitcoin





Meek Mill btc deal

There are many more to the list which i have not listed yet but it's just a sign to show you all how the Bitcoin has moved from it's the worst to it's the best crypto and now all want it.The list is long and will continue the same way but at much faster pace.

The world is eagerly accepting Bitcoin due to it's usages, security and deflationary nature and we all know the supply cannot be increased and it's of 21 million only and that's why everyone wants to be part of it and this is clear sign of rising adoption curve.If you know you know it.