another thing to consider is that much of the confusion that happens in terms of Bitcoin macroeconomics seems to have something to do with an overcrowded "stage" of inflationary, or debt based, financial instruments. Bitcoin is probably one of the long DEFLATIONARY financial instruments and that's, in part, because its value remains the same as it passes hands, or wallets, between people and institutions, etc. the fiat based central banking system has a lot more middlemen and thus a lot of more inflationary instruments, which might also be considered usurious in nature—take interest rates on loans, for example: by the time a dollar is lent out to a consumer, it might pass through numerous instruments which all add a tax, fee, or charge on each dollar, so the debt to the consumer is actually far higher because the inflation of the price of a dollar will reflect in some other area. this is how and why the whole world became enslaved to this one usury based financial system and why Bitcoin is so antithetical to it: the only real fees you pay are to buy and send, or if you utilize some sort of intermediary or sell privately with a markup. with how stable Bitcoin has become as a currency, lots of people can actually buy and sell for liquid utility without fear of losing out on a market pump. and once Bitcoin is accepted everywhere for everything, there will be no need for fiat based on ramps and off ramps, stablecoins and such. price stability means more free circulation and more payments adoption. the lack of volatility while every other asset class is seeing wild swings is why I believe that Bitcoin will someday overtake gold in market cap. gold is nice and all but Bitcoin is better than gold by far.