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>They know that widespread crypto adoption will make them obsolete.

Could be true. But are we seeing adoption grow? I see a lot of merchants ending support for bitcoin and other crypto-currencies. I think more people use it as a speculative investment than as a currency right now.

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Agreed. It’s a long game. The market cap of Bitcoin is still minuscule compared to other markets. If you look historically the volatility has decreased as the price has increased and I expect that will continue. I consider Bitcoin in a price discovery phase right now which could continue for another 5 or 10 years or more (assuming the powers of the world allow it to).

The lightning network and other software will solve many of the issues with regards to transaction fees and delays. I think adoption will eventually come back.

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