Coordination games have very stable and stubborn equilibrium, but when they do change, it happens slowly, slowly, then suddenly all at once. Because they're so stable an beneficial to all, even slight consistent deterioration should be taken seriously because the forces pulling back to the equilibrium are so powerful.
What matter is the long term macro trends of deglobization and shifts to multipolarity, and if that persists and even accelerates, which I believe it will, the built up pressure will eventually be too much and there will eventually be a sudden shift resulting in a bretton woods 3.0 type event in which bitcoin will become the agreed upon world reserve currency because it has the optimal characteristics.
This does not require any comparable superpower to the US to replace it like what happened with Britain, history repeats but it doesn't have to play out in the exact same way.
Coordination games have very stable and stubborn equilibrium, but when they do change, it happens slowly, slowly, then suddenly all at once. Because they're so stable an beneficial to all, even slight consistent deterioration should be taken seriously because the forces pulling back to the equilibrium are so powerful.
What matter is the long term macro trends of deglobization and shifts to multipolarity, and if that persists and even accelerates, which I believe it will, the built up pressure will eventually be too much and there will eventually be a sudden shift resulting in a bretton woods 3.0 type event in which bitcoin will become the agreed upon world reserve currency because it has the optimal characteristics.
This does not require any comparable superpower to the US to replace it like what happened with Britain, history repeats but it doesn't have to play out in the exact same way.