Honey ₿adger ⚡ on Nostr: We're watching the bottom-up monetization of an asset in real time. Such processes ...

We're watching the bottom-up monetization of an asset in real time. Such processes have taken centuries to millennia in the past. Of course, something going from 0 to billions and trillions has high volatility on its way and still some dependence on the ailing fiat. Bitcoin is only 13 years old. No human has ever had the chance to observe the monetization of an asset in real-time. We are also in the end game of fiat, which will increase volatility. However, the volatility and dependence on fiat will diminish with time and acceptance. For now, the volatility is strongly caused by hype cycles which are also necessary in the starting phase of the monetization of a commodity to bring in new people in waves and flush out the gain seekers in the depression phase and thereby transferring Bitcoin from weak to strong hands, hardening the asset and make Bitcoin more scarce and valuable.