It's also funny how nobody here likes to talk about how Bitcoin is doomed to deflation. The moment someone's key is lost or Bitcoin is sent to a defunct address, that Bitcoin is effectively destroyed permanently and forever.

Then the people holding onto it continue to "hodl" since it becomes more and more apparently valuable, while newcomers don't even bother with it, since they're just fighting for the few scraps that are left in circulation.

Look at the events leading up to the Great Depression for more information on the best-case fate of Bitcoin. But you won't, because that interrupts the circlejerk.