I would argue without evidence so please dont quote me that this number is subsidized. If the government sees the money supply shrinking it will intervene and put money in everyone's pockets because in order to actually fix the economy the government will have to shrink which it will never do voluntarily.

So the money supply will always grow as long as there is government and there will always be government. We are just not intelligent enough to live without it. And thats not because the government is good, its because its bad. As a species we lack the ability to understand and accept that :)

How can people be so trusting of banks? They've done nothing to earn it. It's mind boggling.

Germans are very smart, give them long enough time they will figure it out

It's not mutually exclusive with a high Bitcoin adoption rate. You can have people stacking sats and people stacking euros. Just different cohorts of people. In another country people may be spending their euros instead of stacking, and that doesn't grow sat stacks either.

I don't know about Bitcoin adoption in Germany, but they do have a lot of clearnet nodes.

Thanks for sharing!