Bitcoin's claim to better money is a function of its attributes, not a function of how others are acting in the moment.
You answered it pretty well, I'd say. The collective "we" don't want it — rather do all kinds of stupid things, in fiat and in Bitcoin — resulting in failure to ever become what its attribute allows (achieve its destiny etc).
biggest thing that changed: environment. Macro, rates, cycle timing, educational and services available, gold/geopolitics, no more chokepoint. Basically, EVERYTHING pointing in the right direction (minus treasury company debacle), yet price going increasingly backwards.
I dunno, this is just not a mature, grown-up, respectable asset behaving like that. (Neither is gold, admittedly).
You answered it pretty well, I'd say. The collective "we" don't want it — rather do all kinds of stupid things, in fiat and in Bitcoin — resulting in failure to ever become what its attribute allows (achieve its destiny etc).
biggest thing that changed: environment. Macro, rates, cycle timing, educational and services available, gold/geopolitics, no more chokepoint.
Basically, EVERYTHING pointing in the right direction (minus treasury company debacle), yet price going increasingly backwards.
I dunno, this is just not a mature, grown-up, respectable asset behaving like that. (Neither is gold, admittedly).