"Bitcoins adoption is neither instantaneous nor uniform. It proceeds tier by tier through the capital hierarchy, with each new plateau marked by a characteristic log-periodic bubble as new classes of capital are activated. The 2020's and early 2030's are dominated by the shift from gold to bitcoin as the preferred monetary "metal". The 2030's through mid-century and beyond are dominated by the gradual incorporation of Bitcoin into global reserve policy, bank balance sheets, trade settlement, and sovereign collateral."

Great episode 🔥🔥🔥

nostr:nevent1qqsrmsre0naupv8vnuxy438p44dwspdn5vdffarc43ca3gneyu9enggpy3xkd