https://youtu.be/oksraL7wN6Q?si=TVSG_97Es7f_pYHq
The first 20 minutes or so of this gives a good explanation of the theory of the economic utility of Bitcoin.
Pretty interesting. One thing I hadn’t really thought of is its use by non U.S. countries. Living in the country that holds the world reserve currency impacts our views on replacement currency (historically the world reserve currency country - us, and Spain, holland and England before us, etc, always thinks it will stay that way forever, but it never does). So we look at it differently. Smaller countries with unstable currencies may be more willing to adopt something like bitcoin.
But who knows.