Bitcoin can finally be used for it's intended purpose

Satoshi presented the idea of Bitcoin to the world around 2008, when the world was going through a global financial crises.

During this crises banks (in the US in particular) were collapsing due to poor lending standards and credit.

Satoshi argued, that Bitcoin should be used as a way to keep your money safe in the event banks start to collapse and people money run (as they did in 08).

As Bitcoin started to gain popularity (particularly for the wealth it was creating for early adopters) the discourse around bitcoin started to shift. In particular alot of noise was created about how "Bitcoin is mooning" and "an easy way to become a millionare". Arguably through this noise we lost sight of Bitcoins true purpose or at the very least were distracted with it (say for a few savvy people who were using it as a shield from the banks).

Fast forward to 2023 and the economic climate is once again starting to become much like the banking crises of 08. There is bad credit all around that was lent during the covid era. Dodgy government stimulus and eradication of supply chains. Now that we are in a "cost of living crises" and some banks are teetering on the brink of collapse there are genuine fears we are about to head into another global economic crises.

So where does Bitcoin fit into this picture? I would argue that we have come full circle in the crypto world and people are genuinely warming up to the idea of using Bitcoin for it's true purpose. That is to shield their wealth from banking collapses and runs.

The true test now, will be whether we see people massively adopt bitcoin to shield their wealth from the inevitable economic catastrophe that is about to happen.