Can I buy anything with Bitcoin?
Many Bitcoin critics claim you cannot buy anything with Bitcoin.
These clips showcase this point (hard not to laugh at this):
It’s ironic how the first Bitcoin payment was for pizza in 2010.
American citizens are privileged to have access to the world's most “stable” and liquid financial system.
We do not need to worry about our currency getting devalued 50% overnight (at least not yet).
In many places worldwide, the price of a common good like pizza may drastically fluctuate based on the nation’s monetary policy.
Bitcoin is a better money with which to purchase goods than fiat currencies.
All centrally planned currency paths lead to debasement and erosion of purchasing power.
In the long run, Bitcoin will prove itself to be the greatest monetary instrument that solves the double coincidence of wants.
Here are two helpful graphics to aid in understanding this:
Bitcoin will first be recognized as a store of value (such is the case), then a medium of exchange (we are here i.e. El Salvador), and finally a unit of account (goods are priced in terms of Bitcoin).
These adoption phases of money may take years.
Bitcoin is already being used by merchants all across the globe as a means of payment.
Check out this map to search Bitcoin vendors near you: https://btcmap.org/
Adoption of a new technology happens gradually, then suddenly.
The Total Addressable Market of Bitcoin is anyone who uses money.