[mastermojo]

From a cynical perspective, I agree with Bitcoin being something that rewards first movers and it could be something that limits social mobility if it's still around for 100s of years.

One potential outcome is for cryptocurrency to behave asset wise similar to land and real estate. It is something that rewards first movers and limits social mobility. The ever increasing costs of land and home ownership (in the United States) are part of a cultural preference as well as expectation of the asset appreciation. Home/Land pricing is almost always based on location and market clearing rates as opposed to fundamentals. Bitcoin is not just Money 2.0 or Gold 2.0, its also Land 2.0.

As Bitcoin becomes more legitimized through institutional and retail investors, ecosystem + industry participants I don't see it going away. Regular people will buy into cryptocurrency with leverage. Some people will make millions of dollars, others will not or will lose money.