Craig on Bitcoin on Nostr: These 11 things are more important than the price of Bitcoin. 1) Merchant Acceptance: ...

These 11 things are more important than the price of Bitcoin.

1) Merchant Acceptance: The number of businesses accepting Bitcoin for payments can indicate its utility as a currency.

2) Institutional Adoption: When large institutions or companies hold Bitcoin on their balance sheets, it signifies mainstream acceptance.

3) Custody Solutions: Institutional-grade custody solutions that provide security for large Bitcoin holdings.

4) Hash Rate: A high hash rate indicates strong security for the Bitcoin network, making it harder for malicious actors to compromise it.

5) Node Distribution: The geographical and organizational diversity of nodes supports the decentralization of Bitcoin.

6) Regulatory Environment: Clear regulations can foster growth by providing a predictable environment for users and businesses.

7)Global Acceptance: How different countries regulate or view Bitcoin can significantly impact its global use.

8) Layer 2 Solutions: Developments like the Lightning Network aim to enhance Bitcoin's scalability and speed.

9) Consensus Updates: Improvements in consensus mechanisms or protocol upgrades can affect Bitcoin's functionality and efficiency.

10) Public Perception: How Bitcoin is viewed by the general public, influenced by media, can sway its adoption and investment.

11) Wallet Security: Advances in wallet technology and security practices to protect Bitcoin holdings.

What else is more important than Bitcoin NGU?