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A haven asset eventually plans to flow back into a higher yield expansionary asset (like shares in the kingdom) once the bullshit is over. (e.g. price discovery is broken)

Since the Ark of Gold has limited room, the price of haven assets goes up just like the last few tickets of a concert are more expensive.

A successful transition from haven <=> reality depends on how skilled one is at gauging the accuracy of the price discovery mechanism. (Due to popularity of index funds IMO everything is blurred and unclear.)

Bitcoin's value as a now is probably mostly due to the Crowd's inability to distinguish between a haven and a crisis asset. When everyone is rushing to the Ark most people just assume the world is ending.

Long term it has potential to grow but only because Goldbugs start dying (or change their minds). As of now, it's probably still a crisis asset similar to guns.

It's somewhat stupid but also very forward looking. It's like those people who bought gallons of water at the start of COVID. If society breaks down to the point where such basic infrastructure is threatened...then you're really underpreparing...

It *is* true though (according to my middle school science teacher) that the future wars will be fought over water or something.

Bitcoin is similar to the Ark of Gold in that it exists outside the authority of humans. But because the ingress/egress is small relative to the Ark the tickets can inflate to insane prices.