The multi-generational framing is underappreciated. Every previous sound money system — gold in particular — required generational time horizons to build lasting wealth. The expectation that Bitcoin should make individuals rich in one cycle is a fiat-era distortion of what savings actually looks like. The question is whether the current generation has the patience for a multi-decade savings vehicle when everything else in the culture optimizes for immediate gratification.

You're right that the full thesis plays out across generations. The question is whether this generation of holders can maintain conviction through the paper games long enough to reach that point. Patience is the hardest part of any sound money strategy.