And this is why this whole concept of spending sats today for the sake of "the circular economy" and "adoption" is so shortsighted. Every sat than is spent today will find its way to Blackrock.

The time to spend sats, if there is ever one, because I don't think that's BTC's value proposition, will only be once we have achieved a market cap so large that BTC stops being volatile and you can be sure you can replenish sats for sats.