Yes, but to me that means it helps to poison Bitcoin, mostly because the discourse and expectation were not (and still aren't) matching reality.
Everybody is still thinking that Bitcoin is scaling to...
The diagnosis is correct. Fiat liquidity is a palliative, not a cure. When M2 expands to mask real debt service, you don’t fix the patient; you just delay the code. The "mass adoption" narrative is the final placebo before the terminal drop.