The question isn't whether inflation will drive a bitcoin price rise, but whether people can see how the two are already intertwined. As PeterMcCormack writes, 'It is better to keep bitcoin ahead of a crisis than to learn about it amid a crisis.' Opinion
in these locations, the populations seem to be rapidly developing the necessary technical skills to shift to bitcoin as and when required. Bitcoin, for many, is already a hedge against fiat currencies, including U.S. dollar proxies.Either way, my concern, like many bitcoiners is that we’re still not ready for a world where Balaji’s prediction is proven correct, and if he is right, we have much bigger problems to worry about.
Bitcoin has a growing range of societal roles: freedom money, internet money, money for enemies and energy buyer of first and last resort Like the internet before, widespread tech adoption occurs due to the practical benefits provided to users. People have prosaic day-to-day concerns, and we have to appeal to their current needs, not just the fear of unknown forces. For example, selling bitcoin's use as a faster and cheaper payments rail . Given time, this can be another way to get people to adopt bitcoin, and where its sound money functions come as a bonus.
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