Once bitcoin is fully monetized and becomes the world’s reserve currency, its value would represent global productivity, acting as a global index of productivity.

Bitcoin’s change in value would be related to the world's economic output, with its purchasing power adjusting to the economic climate. The price will rise with expected productivity gains and fall in line with expected losses, such as after natural disasters.

This transformation will take a long time, possibly decades or even a century, to fully materialize. But it will happen!