Is Michael Sailor the Key to Unlocking Bitcoin’s Mass Adoption? (Hint: Probably Not)
Michael Sailor, the notorious Bitcoin evangelist, has been singing the same tune for years:
- “Bitcoin is the future.”
- “Bitcoin is the answer to all our problems.”
- “Bitcoin will achieve mass adoption any day now.”
But as the years go by, and Bitcoin fails to reach the level of mainstream acceptance Sailor so desperately desires, one has to wonder: is Sailor just delusional, or is there something more sinister at play?
Sailor’s latest delusion is that a “global loss of confidence in fiat” will somehow magically boost Bitcoin’s adoption. According to Sailor, people in the Western world are losing faith in the banking system, which will drive them to Bitcoin. But let’s be honest, does anyone believe that? If anything, the rise of digital currencies backed by central banks, such as China’s digital yuan or the ECB’s digital euro, will pose a bigger threat to Bitcoin’s adoption than any loss of confidence in fiat.
But Sailor does not let facts get in the way of a good story. Despite mounting evidence to the contrary, he continues to tout Bitcoin as the answer to all our problems. But unfortunately, Bitcoin’s slow transaction times, high fees, and lack of scalability make it an impractical choice for everyday transactions. And let’s remember the countless examples of people losing their life savings due to Bitcoin’s volatility.
So why does Sailor keep blowing his own horn? Maybe he’s trying to convince others (and himself) that Bitcoin is the future. Or maybe, just maybe, he has a vested interest in promoting Bitcoin, such as a large holding that he wants to see an increase in value. Whatever the case may be, one thing is clear: Sailor’s delusions of grandeur are not helping Bitcoin achieve mass adoption.
While Michael Sailor may be a passionate believer in Bitcoin, his predictions of mass adoption have yet to come true. So instead of listening to his delusions, we should focus on the facts and the reality of the situation. Only then can we truly evaluate Bitcoin’s potential and its role in our future economy.