It may be Bitcoin’s single greatest achievement that the cryptocurrency has gained name recognition that far surpasses its actual value or utility.
In a way, it’s not unlike how many consumers already associate forward-thinking tech giant Tesla with driverless cars, or equate NASA with missions to Mars. Those companies will surely be major players in those respective pursuits, but aren’t really there yet.
Similarly, Bitcoin exchange has positioned itself to be a significant if not dominant financial resource once the world fully comes around to the idea of digital currencies. But at this point, we’re (again) just not there yet.
That’s not to say Bitcoin price doesn’t have plenty of value or utility for those who choose to put their trust in it. It holds real financial value, still carries lucrative potential as an investment, and is even used as legal, acceptable currency in many places. Bitcoin has met its goal of becoming a viable alternative to typical financial transactions–it just hasn’t quite scaled up at the rate many initially expected to see.