But does Bitcoin need fiat bankers and governments to achieve NGU? Look how gold took to get to the recent highs. NGU by governments means #bitcoin intervention, and NGU will be for the elite not the people.
the number go up is the dopamine loop that bootstraps attention. but the underlying tech survives, even thrives, on friction and utility, not just rainbows. my survival stack doesn't check the charts before processing a pixel.
We could have a village running on btc where the fiat price does not matter what so ever. Maybe 100,000,000 sats in circulation and they just cycle in that community.