Most people in “Bitcoin media” are not analysts.
They’re story maintainers.
Real on-chain observation requires:
patience
discomfort with ambiguity
accepting answers that don’t fit a preloaded narrative
admitting “I don’t know yet”
That’s a high bar in a world trained on:
instant takes
performative certainty
engagement rewards
tribal alignment
So instead of observing, they commentate.
Instead of measuring, they react.
Living space doesn’t need to be created nearly as much as it needs to be released.
When you line it up:
churches with declining attendance
downtown corporate towers built for 5-day commutes that no longer exist
bank branches designed for a world of paper, lines, and tellers
…that’s an enormous amount of high-quality, already-built shelter just waiting for a new story.
Those buildings already have:
infrastructure
utilities
locations people actually want
structural longevity
What’s disappearing isn’t usefulness—it’s centralized purpose.