Bitcoin's usage as a medium of exchange appears to be decreasing, not increasing.
If you look for graphs showing the growth of merchants accepting bitcoin over time, you'll notice they're all out of date. That's because at some point after 2016 it stopped growing and people lost interest in this metric. This happened when the block size limit was reached: the result was higher transaction fees and unpredictable confirmation times. In 2018 it got so bad there was basically a civil war in the community about it and bitcoin cash forked. Today the average transaction fee is $19.
So I don't think we're on the path you envision. If bitcoin continues to be successful, I expect it will be used as an international settlement system by large corporations and financial institutions only.
If you look for graphs showing the growth of merchants accepting bitcoin over time, you'll notice they're all out of date. That's because at some point after 2016 it stopped growing and people lost interest in this metric. This happened when the block size limit was reached: the result was higher transaction fees and unpredictable confirmation times. In 2018 it got so bad there was basically a civil war in the community about it and bitcoin cash forked. Today the average transaction fee is $19.
So I don't think we're on the path you envision. If bitcoin continues to be successful, I expect it will be used as an international settlement system by large corporations and financial institutions only.