I guess I'm more thinking of the non-extreme cases like above (highly unlikely use case for developed nations). Namely, what do you think of it, not as ETF or investment, rather as a medium for exchange in everyday life, in side-by-side existence with the USD or EUR for instance.
BTC as an investment feels empty to me, unless it has a strong functional case as an actual currency.
If Bitcoin is nothing as an investment, it is like it has no value.BTC as an investment feels empty to me, unless it has a strong functional case as an actual currency.
If it has no value, it can not be used as a medium of exchange daily because nobody will want to make a trade deal and in return, will receive something that has no value. If you want it to be used more, it must has value as a mandatory condition.
Of course. I'm saying that I can't see it as an investment/store-of-value in and of itself, divorced from it's utility as a means of exchange. Whether its first valuable asset, then thereby usable for exchanges or vice-versa is academic.
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If you want to move a big fund, Bitcoin blockchain is for you, because transaction fee will not be your issue and transactions on Bitcoin blockchain is much safer than bank transfer.
This is getting more to the crux of it. How quantifiably "unsafe" is a bank transfer (now and in the future)? I understand the argument for having lower transaction costs and much faster, but safety isn't nearly as intuitive to me. Unless by safety you're referring to potential freezing of an account if flagged as suspicious by gov't? Further, if BTC is the better method of payment for the $10k+ transfers, then what is holding it back from being more mainstream now, and what needs to take place to unlock this? I appreciate your thoughts.
