Its worth noting that FedNow was only rolled out in July of 2023[1] making it a poor measuring stick for total transactions, since most banks have not yet adopted the standard yet.
It's not money in the real sense. You can't buy water with it. You can't buy medicine with it. You can't buy land with it. The map is not the territory with Bitcoin.
if you bought at any time besides in the year 2021, your investment held its value. at this point, its just a place to park value, until its not. unlike the other comment saying its not gold, it clearly is functioning as gold-like.
I think there is enough people who have brainwashed themselves that Bitcoin is the magical new super gold... Add to this cohort of grifters who peddle it and gold... Some "sound money" theorist in too.
I'm believe our current economic system entirely bonkers and going to crash, but that doesn't mean we won't build it on fiat again... But some people think we will go back to some type of hard money... For which bitcoin is the internet age grift...
Where Raoul has refined his narrative but still ends with attempting to demonize, fear monger, and attempting to instil doubt that (or perhaps it's part of self-soothing) that maybe the other side ("anti-Bitcoiners") is simply too rigid in their logic - and why their logic, that seemingly "pro-Bitcoiners" are starting to understand - so they just need to be sure to loosen up some, in case their solid logic is too strict; the irony here is that thinking or advice here is projecting.
[1] https://www.nobsbitcoin.com/bitcoin-is-now-5th-largest-base-... [2] https://rumble.com/v4h9oqc-483-bitcoin-is-the-7th-largest-ba...