The evolution of Bitcoin from Scarcity to Sovereignty

[tread93]

Love the graph and the reminder that we are still even now and especially now early to bitcoin. This current "bear market" is a gentle reminder that bitcoin is still 60k per fucking coin. That is huge! Years ago people would have never thought that we would even meet and sustain this level. So to all the fucking haters, fuck you! You guys suck! I am so sick and tired of seeing people shit on bitcoin, especially when it is down. Bitcoin is one of the only FEW ways to keep and store your own wealth without complete and total fear of it being taken from you in this life. Banks are great and all but all it takes is one click for them to put a major hold on your accounts. Bitcoin is not that way, neither are precious metals or assets. Or anything that takes a physical presence to gain access to your wealth, and Bitcoin fits in that bucket assuming you took the proper safety precautions.

[wapwapwendy]

Your diagram makes sense as a simple way to explain Bitcoin's growth, but I don't think we're moving from one phase to another completely. The previous phases still exist. People are still using Bitcoin for P2P payments while others are accumulating it as a store of value.

As for the final stage, I think it's possible, but it won't happen just because everyone owns Bitcoin. Merchant adoption, better infrastructure, and lower volatility will also play a big role before Bitcoin can become a widely used everyday currency.