Bitcoin has been around for about 7 years now and its adoption is gradually picking up. But when we say that bitcoin adoption is picking up and lot of people are using it to make payments etc., we are actually referring to only a fraction of total world’s population. We have been reading about forecasts that say “bitcoin is going mainstream”, but how can we call that “going mainstream” when bitcoin adoption is less than a meagre 1 percent.
Is bitcoin ever going to be mainstream? Banks incorporating bitcoin technology for their operations doesn’t count (making it clear so that we don’t mistakenly count all the bank customers as bitcoin users). In order to count someone as a bitcoin user, one has to have a bitcoin wallet with at least a fraction of bitcoin in it and maybe a couple of transactions under his bitcoin wallet address.
To answer the above question — yes, bitcoin has the potential to go mainstream. However, it will take a lot of effort on the bitcoin community’s part to get there. There have been few initiatives taken in the right direction so far, but they have remained