What is Bitcoin's purpose?

Was Satoshi Nakamoto wrong about Bitcoin?

So, Bitcoin aimed to be this revolutionary digital currency for fast and low cost transactions. BUT has it been able to hold up to this amazing goal? Well, this is up for debate really.

Many people expected Bitcoin to mimic fiat currencies in terms of ease of use, but with average transaction fees exceeding 2$, this has impacted a lot how people use Bitcoin, especially for small payments.

Don't get me wrong, I love Bitcoin, but I wouldn't buy my daily coffee with it. It's just not worth it.

Bitcoin's value proposition is not about making these small consumer purchases, but it's about making the large and important payments, particularly those that are across borders. THAT's what Bitcoin really is about.

Now, Bitcoin's evolution is really interesting in several ways, first of all : Mining! Mining BTC was initially decentralized but now relies on centralized ASICs and really puts a question mark on its decentralized nature.

Bitcoin has also shifted from initially a peer to peer cash system into a digital store of value, which is really similar to traditional Gold investing.

So, Bitcoin's journey has gone a long way, and it still has a lot of travelling to do. It reflects its ability to adapt in this evolving market dynamic.

What is Bitcoin worth to us in 2023?

BTC has shifted from its primary use case to a store of value. The question is, what comes next?

This is just my 2 cents, what do you think will happen in the future? Will Bitcoin remain a store of value and maybe we could use Ethereum for payments? All opinions are welcome!