Bitcoin is a one-way street.
You donβt see bitcoiners becoming fiat people; once they change they stay that way (with the fun exception of bitcoin derangement syndrome).
This means every single day the fiat system gets a little weaker and bitcoin gets a bit stronger.
Itβs just a matter of time before the crossover inflection point happens.
A lot more people are born than become bitcoiners daily. I like your thought model but itβs undermined by that fact. Now if we could invert the superiority of those rates, youβd be onto something.
I wonder how many newcomers truly own and understand bitcoin though, vs just owning it through the fiat system. I don't know that hundreds of billions of dollars in paper IOUs from black rock will equate to the fiat system weakening
Stock-2-fomo is the only valid model
If you include turning to shitcoining as becoming a fiat person, and I think you should, there's quite a few counterexamples I can think of. π¬
Thatβs on the bitcoin derangement syndrome spectrum
Definitely can verify this from my own personal experience. Once you get past a certain point there is no going back!
