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Dan Held has raised concerns about the effectiveness of merchants adding Bitcoin as a payment method.
He argues that this strategy overlooks the nature of a two-sided market, where demand must also be present. Held emphasizes that the key issue is the lack of demand, which merchants alone cannot create by simply accepting Bitcoin.
Held’s critique underscores an ongoing debate about Bitcoin's broader adoption and its fundamental market dynamics. His perspective on merchant strategies draws attention to shifting perceptions of the cryptocurrency, reminiscent of the financial realignment he identified amid the recent divergence between traditional and digital assets in gold plunges while Bitcoin rises, signifies digital gold shift.