The argument is pretty simple. You’re using the growth rate when a from when a new technology was developed in an argument for whether it will continue to grow as it matures.

This obviously does not make sense. Every investment starts at basically zero. Every population starts at basically zero. The ones that succeed grow exponentially, and then growth levels off as whatever it is matures. To suggest The assumption that Bitcoin has no ceiling makes no sense. You’re watching the first half of logarithmic growth and assuming it’s exponential.