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There is no "people cashing out and going into consumerism".
I strongly disagree.
If i give you $10M, you would likely throw it all on luxury items like Buggatis and engage in consumerism to live like a king and show off to friends. This is just the reality of the situation. A quick scroll through Twitter, Nostr, Youtube and even here on StackerNews demonstrates this point... people are obsessed with price, bitcoiners are no different than shitcoiners. Very few will live a humble life if they got giga rich through Bitcoin.
social media and fiat king USA is skewing your data set, bitcoin drastically reduces bad quality spending
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My point is that this is gradual...
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