Bitcoin's Success and Challenges of Adoption

This chapter reflects on the perception of Bitcoin's success over the past 10 years, discussing the increase in value and how it is now viewed as a failure. It explores the challenges of adopting Bitcoin as a new monetary system, including the decrease in adoption during bear markets and the difficulty of transitioning from fiat currency. The chapter also highlights the volatility and entrepreneurial aspect of Bitcoin, comparing it to gold and discussing the governing mechanism of Bitcoin mining.