dikaios1517 on Nostr: I think it will be. Bitcoin is only crazy volatile to the upside right now because it ...
I think it will be. Bitcoin is only crazy volatile to the upside right now because it has so much adoption yet to go. As it reaches hyperbitcoinization, and therefore market saturation, the extreme outperformance of all other assets will subside.
Bitcoin will still gain purchasing power over time, but it will entirely be a function of increased productivity in all other goods and services, while Bitcoin's supply is fixed. People will invest in projects and companies that they believe will truly bring an outsized benefit to the world. It will be much harder to pick winners that will outpace the steady growth in purchasing power you can get from just holding Bitcoin, but it will be possible.
That said, I think the amount of money that is thrown at the stock market today is exceptionally overblown. People put their money there because they don't know of any other means of outpacing inflation and actually getting ahead. When Bitcoin is the standard, most of this use of investing to either gamble or as a savings vehicle will vanish. It will come back to its original purpose of helping the best ideas actually get built.
Bitcoin will still gain purchasing power over time, but it will entirely be a function of increased productivity in all other goods and services, while Bitcoin's supply is fixed. People will invest in projects and companies that they believe will truly bring an outsized benefit to the world. It will be much harder to pick winners that will outpace the steady growth in purchasing power you can get from just holding Bitcoin, but it will be possible.
That said, I think the amount of money that is thrown at the stock market today is exceptionally overblown. People put their money there because they don't know of any other means of outpacing inflation and actually getting ahead. When Bitcoin is the standard, most of this use of investing to either gamble or as a savings vehicle will vanish. It will come back to its original purpose of helping the best ideas actually get built.