Definitely not. There's absolutely no chance that as much as 2.5% of the population is using and/or holding Bitcoin right now.
We're still right at the bottom of that curve, frankly. Even if you look at a terrible measure of crypto wealth like market cap, cryptocurrencies are still shockingly insignificant.
It's interesting how people who are part of something new tend to assume the best of other people because they try their best to get other people involved.
People like to try and convince themselves that they're actually later than they are because of:
1. Their confidence in the technology.
2. Their pessimism, and feeling like the best opportunities are behind them.
When you look one year behind and see the Bitcoin price at $1000, of course people will feel like they lost the opportunity of their lives. That's just natural from the human being, that always wants more.
Just imagine how small Bitcoin's performance is in the world rn.
- We can say that almost nobody in the world uses Bitcoin compared to the fiat.
- Very few places that accept Bitcoin in the world. In Brazil only in the largest metropolitan centers such as São Paulo has some place that accepts Bitcoin, and is still limited.
- We are still facing the huge scalability problem.
All this and the price of Bitcoin is still at $2500. That's why I can't really imagine how anyone still thinks Bitcoin is already expensive.
They will the same thing when the price goes to $5000... and at $10.000 again...
