woah! Yup, 2% a year! That’s a MAJOR typo! Read the damn thing about 50 times too! Thanks for pointing out, now corrected.
Alot of what you say here is correct and some may even happen (your guess is as good as mine) but understanding where the value in Bitcoin comes from is harder than people think. The best book I’ve ever read that really makes this clear is ‘Mastering Bitcoin’ and it’s a tough, heavy read, but worth it to get this down.
Of course, the value of one Bitcoin is always one Bitcoin. So, like many of us who use Bitcoin routinely, we deal in Bitcoins and Sats as much as we do in Dollars and cents. Therefore the volatility against traditional fiat currencies becomes irrelevant within that growing sphere of operation. That said, I suspect volatility will become less of an issue in the medium to long term once the enormous growth rate slows down — but I think we’re some way off that yet!
One thing’s for sure, it’s going to be a very interesting decade ahead whichever way it goes — whether Bitcoin succeeds or fails, the genie is already out of the lamp. There’s no question now we’ll be using digital currencies in some form, but will it be sovereign (USD), corporate (Libra) or decentralized? (Bitcoin).
Personally, of course, I hope it’s the latter.
Thanks for reading and all the best