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Should disturbances like tariffs trigger sudden moves, it might be comforting to know that significant gains were never realistically on the horizon.

That is the problem with fixed money. Historically, it always has pooled.

This is one of the reasons why Bitcoin is a lousy medium of exchange, there is no way it will have adequate distribution.

I get the point—fixed supply does pose challenges. However, Bitcoin's design emphasizes decentralization, and its growing infrastructure could enhance distribution over time without relying solely on traditional pools