The more people are paid in BTC for services, employment, etc. the higher the price of BTC will go.
They have to be paid in BTC, and they have to save in BTC.
Otherwise it won't work.
Yes, exactly, if they are paid in BTC, save their BTC, it will create an extremely scarce market.
If I can dodge a LambShop for a second (becoming increasingly rabid of late I notice), this is exactly what all the 'permabulls' see as being almost inevitable. Eventually everything will be in BTC. Then the USD/BTC price becomes irrelevant, apart from roughly what it was just before everyone went full crypto.
5 years ago nobody could even imagine a world where money was anything other than what it currently was. Fast forward and there is a massive groundswell of people who now see what it could be.
You either see it and panic you are too late, or you don't see it and think you can make a few "oldbucks" off the rubes by out-trading them.
Call me a rube, I'm going all the way. Once it resumes its uptrend above the last ATH I'll skim as a hedge (even though my gut tells me not to bother, my math tells me I should) [thats my "full disclosure"]
Still one the most insanely +EV binary bets I have ever come across.
I agree, although I don't know if it's inevitable. When you start to see companies paying their employees in BTC, then you should really hold on to your precious BTC.