Modern economies run on debt expansion, not savings accumulation. Growth is measured by borrowing velocity, not balance sheet strength. In that environment, assets that can’t be expanded on demand begin to behave differently than everything else.

DEBT NEEDS MORE DEBT

When money is created through lending, stability depends on continuous expansion. Pauses become crises, and restraint becomes political risk. Over time, this dynamic conditions markets to expect intervention rather than correction.

SCARCITY DOESN’T NEGOTIATE

Scarce assets don’t respond to stimulus or rate cuts. Their supply doesn’t accelerate to solve short-term problems. That rigidity makes them uncomfortable for policymakers but attractive to individuals seeking insulation from policy cycles.

INFLATION IS A SIGNAL

Inflation isn’t just rising prices — it’s a message about dilution. As currency units multiply faster than goods and labor, people instinctively search for anchors. Scarce assets become reference points when measuring real value feels harder.

THE HARD TRUTH

Bitcoin doesn’t break debt-based systems; it reflects them. Its appeal grows not because everyone understands it, but because fewer people trust that expansion can continue without consequence. Scarcity becomes compelling when promises feel stretched.