thats all correct as well, but some people will never be able to grasp bitcoin, so they will stick with fiat, or buy gold. Its for this reason, that although I am all-in in BTC, I support gold investors.
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of course not everyone will understand bitcoin, but that is true for everything. thats why we have hype cycles.
the point is that the late majority adopts once it is around for long enough and the adopters have shown its usefulness, etc... people go with what their peers go with.
i function in the same way and i claim everyone does. i might have accumulated some expertise when it comes to bitcoin or cryptogrqphy or programming or peer to peer protocols or economics... but life is broad and ...what about nutrition? what about exercise? what about healthy materials for your home? what about relaxing? what about good equipment? what about this? what about that?
ppl work, ppl live, ppl might take care of family and a plethora of other things.
thus, i claim nobody can know it or learn it all and everyone needs to figure out how to trust some other hopefully more knowledgable peers to give good recommendations.
if a topic happens to be far away from your personal domain of expertise and you sadly dont have enough trusted peers that could reliably convey the value, then it is difficult to find a bridge or mean to evaluate "the new thing" ...and especially for older folks who have a lot of responsibilities already its not easy to make the time to dig into stuff the same way youngster have 🤷♀️
long story short - in the long run things will get better anyway 😂
those who wont grasp and stick will be the last who change when they can only get stuff by paying in bitcoin, so they will start to have a need for bitcoin and its obviously safe, as everyone demands and uses it... just the same as fiat now. ...will take a bit to get there, so focusing on those is currently useless. they stand on the sidelines and delegate to others and pick whatever wins. they dont have opinions. ...and they pay for this service by being late adopters i guess?