Where should we commence our discussion on the mass adoption of Bitcoin? It's been around 14 years since Satoshi Nakamoto introduced the white paper and launched the blockchain, embodying the essence of this process. Yet, as of now, I don't observe any substantial mass adoption of Bitcoin taking place.
Certainly not in the manner Satoshi envisioned. Some contend that Bitcoin's current state renders it unable to fulfill its role as a decentralized peer-to-peer currency, and this assertion isn't far from reality. The Bitcoin network would likely buckle under the weight of even 10% of the transactions that Mastercard or VISA process on a daily basis.
Although we have the lightning network, which ostensibly facilitates micro Bitcoin transactions for the masses, there are also "shaky arguments" surrounding its use due to its centralized nature. Few individuals run their own nodes for the lightning network, meaning that those who don't are reliant on entities like Stripe or Jack Dorsey's node—far from the decentralized ideal.
El Salvador stands as the lone jurisdiction that legally embraces Bitcoin as an alternative currency, but aside from that, spending options for Bitcoin remain scarce. Many choose not to spend it, viewing it more as a store of value than a means of transaction.
During the peak of the 2021 bull market, Tesla briefly allowed individuals to pay for their new electric vehicles with BTC. Similarly, during the zenith of the 2017 bull market, exotic car showrooms even accepted BTC for luxury vehicles like Ferraris and Lamborghinis.
Bitcoin's utilization as a currency of exchange remains limited, so what's preventing its broader adoption? If we consider that Layer 2 (L2) solutions could enhance scalability and alleviate concerns over the centralization of the lightning network, the most significant obstacle is people themselves.
The truth is, many are simply uninterested in using it. Even within the crypto space, enthusiasm for Bitcoin ETFs often trumps the desire to use BTC for everyday transactions at local stores. It's quite conceivable that even the most fervent proponents of Bitcoin, like Max Keiser, aren't regular users.
As society teeters toward potential collapse, as theorized by 
I neglected to mention—an essential aspect of mass adoption, in my view, involves integrating this technology into diverse businesses and personal interactions, rather than fixating solely on ETFs. True mass adoption signifies practicality, not mere speculation. What are your thoughts?
Thanks for your attention,
Adrian