Taavet Hinrikus, CEO of international-payments app TransferWise, told Yahoo Finance, “Bitcoin, I think we can say, is dead. There is no traction, no one is using bitcoin. The bitcoin experiment, I think we can say, is over.”
“What really happened was a gold rush,” he continued. “People bought bitcoin because they thought it would be worth more tomorrow. And a lot of people got lucky. But we’re not seeing real people use bitcoin. And we don’t know what problem it solves. "
Bottom line: As I have argued for years. Bitcoin never made it mainstream. It was enthusiastically bought by many in the tech sector and segments of the libertarian community. The buyers have been exhausted,