For Bitcoin to succeed, it needs to conquer the US market adoption and it is not even close to doing that. All price gains are just speculation and market manipulation.
Genuinely: Why is that axiomatic?
Why is there no path that is, reductively, in parts of the world where electronic payments are already normal, bitcoin becomes the instrument?
I can't think of any technology besides micro-finance that has trickled-up to USA.
To make a counterpoint you need to find something popular in USA with no uptake outside of it or something that influenced USA but came from outside.
It's also supposedly (I can't remember where I heard that, some tech channel on YT) the only non-Chinese brand that's popular at all in China.
[0] Admittedly I have no idea for context of the picture and had to get it from google pictures since I couldn't visit business insider, I keep getting redirected to a Polish version of business insider that has NO TEXT AT ALL (?!).
Also, what do people find so wrong with me pointing out that "here's 2 apps popular out of US but not in it" strengthens the "USA influences the world but not vice versa"?
https://www.statista.com/statistics/266136/global-market-sha...
Even if you're not convinced until you see it conquer USD, you should still expect to see what we're seeing now[0]... weaker currencies falling before strong ones as BTC adoption follows along an S-curve of adoption.
[0] http://nakamotoinstitute.org/mempool/speculative-attack/
Deflationary currencies generally will produce less frivolous spending, which is a good thing. Lower time preference [0] vs fiat high time preference of today's economy will result in much more savings and investment vs consumption spending.
Longer time horizons vs short termism that plagues markets now. Overall, an increase in prosperity and economic growth and decrease in debt and credit cycles (BTC immune to M0/M1 credit expansion and contraction = decrease in business cycle roller coaster)