In a post someone asked: Can you help me answer this thorny question: is it the value of #Bitcoin that rises in USD or is it the infinite fall towards zero of the USD that causes the price of Bitcoin to rise towards infinity?

My answer was:
They are both false. Bitcoin is an economic black-hole. It slowly absorbs all the economic energy of the world as every item is being repriced live in front of our eyes into BTC. It is called monetization. Every passing day that its adoption increases, it buys more of every item. It buys more USD, it buys more EUR, it buys more of your real estate, it buys more of gold bars. The other items do not lose "value" since this is subjective. They are being de-monetized. Take real estate for instance. Its value should be equal to the yield/rent the owner gets. When interest rates are at say 5% a real estate should yield at least 5% plus its maintenance costs plus the work of the real estate manager, etc to be justified as an investment. If it yields below that, the delta is due to its monetization i.e. people pay a premium over its yield because they use it as a store of value because fiat money is not a store of value anymore. The same goes with stocks, watches etc. All those "store of values" should be theoretically de-monetized by bitcoin because of its properties as a superior form of hard-salable money and a "store of value". BTC price then is just is a mathematical function of its adoption, of how much of todays economy gets repriced into 21 million bitcoins. However its adoption and monetization is neither certain nor inevitable, despite it being the best available form of money to humanity.
WhatΒ΄s your take?