Bitcoin's monetary velocity is now higher than USD M1
Good, it may take a while (I&#x27;d say another 10 to 20 years) but I see crypto replacing fiat, with the help of technologies such as lightning for the payment layer, after central bank crypto will have proved a failure.<p>It&#x27;ll just be too convenient to have a worldwide currency, and payment in that same currency.  I estimate the final BTC ath to be at about 1M&#x2F;BTC, to conveniently have 1 cent per Satoshi.<p>Having to really balance budgets instead of always having the possibility to print their way out may destabilize quite a few governments in the process<p>EDIT: can&#x27;t post a reply because of the amount of downvotes (sorry if truth hurts!) but to comment on the very good analysis below by hellen__keller, the answer below by johnyzee that the size will increase in due time is the correct analysis. No need to increase the blocksize prematurely like BCH did. Wait until lightning or or other constraints make it necessary.<p>I think Blockstream will wait for an important milestone, like 200k USD to push for that change: this milestone will make it necessary too, if you want to let people move their exchange funds to their offline wallet.<p>Just do some quick math assuming 1k investment per person and you&#x27;ll see a BTC at 200k with the same fees as now would swamp out this investment. So fees can&#x27;t be kept constant until after the final ath is reached. And lowering the fees will reduce the miners gain, so it can&#x27;t be postponed too much, otherwise that would destabilize the fine economic balance.<p>My bet is that the blocksize will be increased before the next halving, or the one after that, as soon as a nice milestone is reached. A nice round numbers will facilitate coordination.