If Bitcoin is the 'great' monetary asset of our time (which I believe that it is) and which many of you also believe that it is...

That people will need. That 200 million companies will want to interact with, trade, and hold. That institutions will offer and capitalize.

That families, individuals, and small businesses will also want to use, accept, and interact with...

That nation states will hold and eventually transact with... trustlessly if they cannot trust each other (which history would suggest that they cannot).

Keep in mind these pictures, these people:

Tokyo

New York

Paris

Berlin

London

And these places:

Los Angeles

Chicago

Osaka, Japan

Shanghai

The point I'm making is that by logic... Bitcoin is in its relative infancy. These are the future Bitcoin users. What percentage of these 'places' and these 'people' are using Bitcoin today?

And what will the blocks, the fees, and the incentives look like in the future when Bitcoin is "maturely" adopted? Today fees are 2-3 sats vbyte with "room" for ordinals and memecoins.

But when entire cities and billions of people pay to compete for blockspace, alongside corporations and the institutions they interact with...

Will there be any shortage of fees with a declining block reward?

And will there be the "demand" for memecoins when serious companies and people want to transact with the Bitcoin Network because their currencies are failing, compromised or far inferior?

In my opinion It's easy to lose sight of the "big picture" in the moment because Bitcoin is in its relative infancy... but eventually if (and when) Bitcoin is seriously adopted (beyond the 1% of today) the demand for blockspace will be overwhelming globally.

I think this warrants remembering when we discuss arbitrary data and the pathetic "use cases" (degens) of today that are 1) seriously declining and 2) a minuscule % of the real demand for Bitcoin in the future.