The Adoption Mechanism

The adoption of Bitcoin is driven by the need for it to outcompete other assets, establishing its value first before achieving broader societal impacts. The discussion emphasizes that without significant adoption, Bitcoin would remain a niche asset and not fulfill its potential as a revolutionary currency. The concept of 'Number Go Up' (NGU) is highlighted as a fundamental aspect, suggesting that the financial growth of Bitcoin must take precedence to ensure its future as a dominant form of money. This necessity for Bitcoin's value to rise first is linked to its eventual role in providing freedom and an alternative to traditional financial systems.