Just like the price, the marketcap is not really important. It actually means nothing and It's much lower then 100B If we take in consideration the lost and untouched coins.
What you really need to look into to know If we're progressing or not is the number of ATMs, services, local shops etc. that accepts bitcoin and how are they growing over the months.
There is something more we need, people to use this option of payment.
You can have 300 hotels accepting
BTC in a single town if nothing is paying for spending a night bit crypto it doesn't matter in the end.
I always keep a look at the number of tx per day and there is simply no upwards trend. People are simply not willing to buy stuff with
BTC, they are holding it even harder than in 2014-2016 during the bear season(s) and I really doubt we are going to see something more than a 10-20(?) % increase till the end of the year if the price will not move.
I don't think small merchant acceptance and ATMs are still relevant these days. Pretty sure we've moved on and people might have realized that Bitcoin isn't really the best tools for daily payment for now. What people expect now is adoption by huge financial institutions and easier access for major investment Bitcoin from big firms and common people.
Why would they invest in something that is not suitable for anything else than hodling till you can sell at a profit?
I don't think so!
