It's not that things will improve between 2028 and 2030, but I think that by 2028 they will have the printing press running at full speed. If they don't, the crash of 1929 will be nothing more than a scare, and I very much doubt that they will allow states to go bankrupt.
I think you're underestimating the usefulness of Bitcoin to states and companies who's balance sheets are debt heavy.
Bitcoin is a weird kind of vleben good in that it appeals to large organisations & nation states.
It's value ($2T) is only now starting to show itself. I know it's popular to hate on Bitcoin treasury companies but what Strategy is doing with it's preferred stocks is mind blowing.
STRC is like a $100 bond that pays 8-9% pa (monthly) & is backed by 600K Bitcoin. Saylor is going to tap into treasury markets & funnel that value into Strategy's Bitcoin treasury.
I understand that the custody risk for that treasury is huge & I'd prefer sats in cold storage. It's hard to comprehend the impact this will have on the fixed income market & the price of Bitcoin though. So many are ignoring this because MSTR is distasteful to them. I don't expect this to start gaining momentum until October but it adds a dynamic that I don't think many are considering.
