I'm beginning to wonder if the masses will every start buying, or if Bitcoin will only remain a niche investment. What would it take to see something like a line of people out the door in front machines like that one? Perhaps one day hyperinflation will kick in, or a total fiat collapse. Maybe then that will wake them up.
The vast majority of people either have never heard of Bitcoin or are barely aware of its existence. Most of those who know about it don't really understand it.
Ignorance breeds fear and apprehension. It certainly doesn't lead to people putting in their hard-earned money. This is why public adoption is so low and why we're still basically in the early adopter phase.
As public awareness and education grows. so will adoption. The s-curve of adoption is still a long way from going vertical. When that happens, we'll see the 6-digit prices many speculate about.
I've been involved with bitcoin for many years and don't understand it.....