The higher the price goes, the more liquid Bitcoin is, the more able it is to demonetise (read: eat) other assets.

Countries can’t trade oil in Bitcoin today for example. $1.2 Trillion market cap with ~10% available supply isn’t nearly enough. At $21 Trillion it might be feasible at small scale but prob needs to be higher.

When countries start refusing to trade oil for dollars and instead demand Bitcoin because it is feasible by liquidity and infinitely better than the paper promises of fiat, the world starts shifting.

That means they need/want it on their balance sheet and as you know, they can’t print it.

Suddenly their balance sheet isn’t about printing to consume, it’s about producing to get BTC.

Governments **will not willingly adopt Bitcoin**. Be very very very clear on this.

They will be forced to by the market and the market can only force them when it’s liquid enough to meet all the needs that a government which doesn’t want to get run out of office and guillotined, has.

They are gonna print until printing gets them killed.

If nation states are to continue existing in 100 years it will be because they were forced into competitive service provision when their ability to print was taken away from them by market forces.

Personally I’d rather they don’t exist but realistically that is too big of a change in one go; separating money and state such that they’re a mere opt-in service provider who has to compete globally with other states will be enough to bring about a new enlightenment and that is enough for humanity to handle.

Bitcoin needs to demonitise the asset classes used to park fiat wealth and be liquid enough for nation state trade in order to force states down the path they refuse to willingly tread.