it’s more than just PRICE and VALUE. You’re ignoring the technology / capabilities / cryptography / privacy / self-sovereignty entirely.
If bitcoin absorbs 50% of the monetary value, central banks will then stabilize against bitcoin, which in effect results in full indirect hyperbitcoinization.
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why hold fiat pegged to Bitcoin if you can just hold Bitcoin instead? there is a rainbow of technological advantages and utilities that holding Bitcoin directly enables that this pegged Fiat probably will not
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