It’s a start. It’s when people like Saylor hoard bitcoin & countries hold it in reserve like gold, it takes it out of circulation.
When it is used as an exchange of value and replaces fiat that the reserve and hoarding will have to diminish because there nothing to compare it to.
It’s the continual comparison to fiat that hindering.
When people get over the ups and downs of bitcoin vs $$ and think in bitcoin, then things will move in the right direction.
It similar to learning a new language, to master it one must think in that language, a lifestyle if you like. So it must be with bitcoin.
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Reserve accumulation and medium of exchange aren't competing — they're sequential. Gold ran the same pattern: store of value first, then Bretton Woods reserve, then global settlement, then unit of account for oil. Each phase required the prior one to be sufficiently complete. The spending layer follows when the unit of account function shifts. Saylor hoarding is completing the precondition, not blocking the outcome.