For people it may be seen as a decentralized finance, but is also the medium to solve the sovereign debt of USA one day. Just a amtter of time. That is why USD is flowing into BTC, and the objective is to make it a reserve asset one day, and this objective was is place since its inception, the only difference is that it is now being known to public at large.
The 4 year cycles is a deliberate thing to make people realize its potential and entice them into investing HODLing into it. There is no doubt decentralization is its USP. But this was engineed to make the adoption strong over the years and give something new to the public different from what hitherto has been in place.
GOLD has always been the backing for many a class of assets and you must ave heard people touting Bitcoin as digital GOLD. Thease are not mere coincidence. The central banks always peg it on GOLD, the physicla GOLD. SO the effort is being made to make BTC and crypto ideal for central bank reserves and that effort is being pushing into political domain for realization. We will have interesting decade from now onwards with 2030 being the inflection point I guess. But on any given day if you contemplate on crypto, then BTC is the king and wll continue to be the king.
Thank you.
It’s all just a number game…
Absolutely.