If you expect businesses and govts to adopt bitcoin, that chart is inevitable.

🤔

Now do federal spending 😬

I prefer to think of them as natural counter-economists (my kids, but I guess also gypsies)

You can just sell things.

Our kids are outside right now trying to sell their homemade jewelry to random unsuspecting passersby 😂

Less uncertainty --> more accurate forecasting of wants/needs --> better deployment of capital to fulfill those needs

Arbitrage.

If businesses could just raise prices, why wouldn't they have already done it? Why wait for a tax increase?

In the long run, all taxes are born by labor (as reduced real wages) and land owners (as reduced capital values).

Price adjustments cancel out the effects on other factors of production.