This is hopium.
> - Sovereigns and institutions fall back to gold because of familiarity and a liquidity profile that can handle larger flows compared to bitcoin
Yep, happening right now.
- Bitcoin is adopted by smaller players (individuals, corporations, funds) until sovereigns recognize that bitcoin is the ultimate store of value asset in the Digital Age
Sure, happening right now.
- The bitcoin standard rises from the ashes of fiat debasement and analog store of value assets
Ok you just skipped the bit where Sovereigns and Institutions wake up, realise the error of their ways, and go all in on #Bitcoin because others did - why would they give up their fiat power WHEN THE ENTIRE SYSTEM RELIES UPON IT?!
Revolutions happen when the incumbent elite lose the will to power, when they lose faith in their ideology and guiding philosophy.
Unless Bitcoiners are ready to step in with their own Institutions, their own ideology and guiding philosophy and a vision which others can buy into, nothing happens and we reset the fiat game for another 80-100 year cycle.
Study #EliteTheory people. If the purpose of a system is what it does; you best understand the system of power else you’re just deluding yourselves with hopium like this.
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