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Dan Held, a Bitcoin educator, argued that the belief in Bitcoin as a daily payment method has entirely collapsed.
According to Dan Held, the original claims supporting Bitcoin for payments and a circular economy were merely for engagement and virtue signaling, lacking real demand or necessity for regular transactions.
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Held previously suggested that Bitcoin's price could rise to $1 million–$10 million per coin if there were universal understanding of both Bitcoin and macroeconomic trends, according to a recent analysis. He also announced his return to YouTube after a three-year hiatus, launching an episode focused on managing and securing crypto assets as noted in a previous update. These activities build on his ongoing commentary within the digital asset sector.