If you are only able to view Bitcoin’s potential for success vis-a-vis the US Dollar, you’re really missing out on most of what bitcoin’s short-to-medium term potential actually is.
Hate me if you want, but I think hyperbitcoinization is currently not in the cards. Never say never. But if that’s what you expect to happen in the coming months and years, I think you’re just completely wrong about that.
At the same time, Bitcoin is going to keep growing and filling in gaps all around the world, where financial access is far more adversarial. It’s also going to revolutionize the reach of global payments, secure identities, and I believe things like Lightning are going to become ways to accept global payments from anywhere in the world for services, tips, and things like zaps!
Many people will convert their payments back into local fiat. Some will save in bitcoin. That’s okay! Measuring Bitcoin’s success or failure in absolute terms just causes serious distraction from what the near-term opportunities are.
