The panic to hoard Bitcoin feels like fiat behavior because we’ve all been conditioned to chase scarcity under manipulated rules. But Bitcoin flips that script. Unlike fiat, where supply expands to bail out the powerful, Bitcoin’s fixed supply ensures that early hoarding isn’t a bug—it’s part of the bootstrapping process.
Gresham’s Law explains why bad money (fiat) is spent and good money (Bitcoin) is saved. In early adoption, people naturally hold Bitcoin while spending fiat.