This pic was just posted just 5 months ago and it's even less relevant now. Paper money will become CBDCs (Central Bank Digital Currencies) first. Then, once people realize how CBDCs and freedom are incompatible, they might switch to Bitcoin but after what I've witnessed in the last few years, I am more inclined to believe most will take whatever vaccine they are told to take to prevent Bitcoinization.
paper money will be converted into digital money you are correct but it will probably last a long time. paper money has landed many years and people are not thinking about changing to Bitcoin yet and only a few people have. Digital money will probably last just as long as paper money before finally it will start failing and people will look for a alternative. I do not know if Bitcoin will be attractive enough for people to convert to Bitcoin by the time digital money fails and people might be more skeptical because digital money is similar to Bitcoin in their eyes because it is digital.
I know people are dumb, but you seem to be giving normies hardly any credit at all in the "smartie pants department."
People generally (and intuitively) know "Gresham's law" even if they don't know what that word is... especially folks who have already lived in places with high levels of ongoing inflation
(aka hyperinflation) .. which is coming to a country near you...
which is coming to a country near all of us.Sure none of what I say is guaranteed, and a lot of these matters are probabilities, including that a soft-landing could end up happening and allow for 10 -20 years or more of continued "feelings of normality."
Yet, the investment thesis of my lil precious does not depend upon either the system crashing or even outrageous scenarios..
King daddy is coming in almost any scenario..
So it would be good to get some of it, in case it catches on.
Not guaranteed, of course.#YMMV
#DYOR
#CCMF
#credit to that guy, what's his name, toxicmoxic for the various hashtaggenings.
One more... not specifically credited to toxicmoxic
#let your gooses, looses.