Hi Nicolas,

Thanks for sharing your thoughts. 😊

They are indeed "thought-provoking thoughts" and I totally see from where you are coming.

Here are my views:

1. I don't see how Bitcoin at $1 million would destabilize nationwide economies.

Bitcoin market capitalization already surpassed silver and if it reaches perhaps half of the gold market cap, the price would probably be at $1 million.

Also another important thing: Bitcoin absorbs part of the M2 money supply. If economies are destabilized is not because of Bitcoin but because of too much money printing (M2). Check this article.

2. Countries will have to keep printing money. If they stop, they all go bankrupt. Considering the debt of most countries and the historical printing... they just can't stop.

CBDCs won't bring anything different to this as "money printing" is already done almost 100% digitally.

3. To call crypto a ponzi scheme you also have to call the stock market housing market, gold, etc., a ponzi. It's all the same principle.

Sure, "meme coins" are probably ponzi, but many others like Bitcoin, Ethereum, DeFi protocols, and so on have real use cases, revenue, etc, so they are backed by real use cases and legit business models.

There are many uncertainties and as you said, it's volatile... but I think one day, 10 years from now, we will look back and today's volatility will be just a micro bump in the chart. 😉