I think user adoption is also the network effect of bitcoin. Users will be naturally be attracted and use the currency that costs nothing to transact and allows them to buy products from anywhere in the world. Bitcoin as a currency, facilitates commerce without any banks or any other intermediaries, taking their slice of pound of flesh from the users.

Bitcoin user adoption is starting to accelerate around the world. Economic uncertainty around hyperinflation, bail-ins, negative interest rates and quantitative easing is shaking investor confidence in the legacy financial system.