I am just getting this understanding so I hope I can write my thoughts down so they make sense. :)

Money has three classic functions:

1. Store of value

2. Medium of exchange

3. Unit of account

My thesis is Billions of people will never buy Bitcoin purely as an investment vehicle. (1) A “Bitcoin circular economy” (earn in BTC → spend in BTC → earn again) is the flywheel that drives network effects to planetary scale. If people have to go into fiat to get something the fly wheel slows down and the on/off ramps get to apply brakes to the GDP of the country.