One question. Are you assuming that BTC will slow or stop going up after hyperbitcoinization?
“It’s going up forever Laura” isn’t just a funny meme. It’s the absolute truth. It is going up in value forever. That’s the math.
And it should. It will force people to decide if the “value” of what they want to spend BTC on is more than holding BTC. This is the “scarcity in money creates abundance in everything else” argument (Jeff Booth, Price of Tomorrow).
It will not increase in purchasing power after hyperbitcoinization…in that it will be 1:1 value to value. True price discovery. Yes, innovation and productivity increases will make existing products and services more affordable, capital allocation decisions will flow towards those things that improve value to society (companies like Boeing or Tesla wouldn’t survive and we’d probably all fly on individual drones already if the trillions would have flown to value rather than bailing out Boeing with 1940s tech). And yes, we would then live in abundance, focus our energy on art, beautifully architecture, inventing things etc. But it’s not investing in Bitcoin. You would invest your Bitcoin in a building things. Or earn Bitcoin. Or Save it for later.
