Jack Dorsey on Bitcoin: “It becomes irrelevant if it's only a store of value and not used for everyday payments.”
https://blossom.primal.net/5a63774a6bc6ed9ee5b6ac6e3375b6d23f14c6c931bf9aa8eaf1928...
When people say Bitcoin must be used for “everyday payments” to succeed, they often assume adoption is blocked because most merchants don’t accept BTC. That’s not really true.
You can hold your wealth in BTC, spend through existing rails (credit), and convert BTC to USD only at the moment you pay the bill. The merchant doesn’t have to integrate Bitcoin for Bitcoin to function as money.
You can hold your wealth in BTC, spend through existing rails (credit), and convert BTC to USD only at the moment you pay the bill. The merchant doesn’t have to integrate Bitcoin for Bitcoin to function as money.