>>29852387
That doesn't destroy my thesis though. Housing has innate value, if supply goes too high then eventually demand will pick it up at the bottom, and vice versa, demand which will consistently be there.
People in economies with high inflation can hedge with stocks or bonds or just other currencies too if need be, a fatal flaw could be exploited in the BTC code tommorow sending it to 0. People only prefer bitcoin because it is going up faster then every other option, which is exactly what a bubble is.
I see massive use for programmable currency on the horizon, and I see companies that deserve their trillion dollar valuations for bringing that programmable currency into reality in the future, but I just don't see a spot for bitcoin in the future. It literally is like AOL, way too overpriced, way too overhyped, and way too outdated tech. The way the system works now is good for the populus and the rich both, I dont see society giving that up to inflate the net worth of a handful of pedo NEETS and their exchanges into the the billions, I really just don't. I think bitcoin will crash spectacularly and the entire defi space too, and the only things that will be left standing are buisnesses actually capable of being invested into. I believe if you couldn't list your coin on the NASDAQ at it's current marketcap and have it go up, then your coin is going to zero when the bubble bursts.