Your perpetual arguments discount the BTC network; block scarcity and settlement finality of being included in it's network. There is no other L1 that has achieved what BTC has. No other fork in the past has or fork in the future can. The economic throughput dwarfs even ETH, it's closest competitor. At the heart of BTC is it's social consensus and status signaling. It's the only network where VC's weren't the first to the party.
%% OK; i seldom agree with W buffet\ but '' bitcon =rat poison'' So he got one right again . Actually that's a bit kind [not bit coin], because there is a real small market for ''rat poison'' I will not report you for defacing us currency /most likely illegal. IF you split a $10 into 10 ones that means you are the us mint/or cashier /LOL. not to be confuse with Mint Trading hedge fund /LOL Both bit con [crypto cr*p/LOL]+ chicken cr*p] are actually rare around my place; but i have enough chicken cr*p left over from last year, thank you. Junk batteries are junk but scrap[not cr*p/LOL] dealer will pay UP for .............................................................................................................
Gold is a metal. So how can there be a limited supply of gold but an unlimited supply of metals? Bottom line...There is a limited supply of metals on this planet because...planet. And most rare earth metals come from China, so we better be nice with them, or Musk is gonna' be sucking Xi's John Thomas to get the rare earth metals he needs for his EV tech.
Although I agree that commodities will more than likely do well, at what point does an EV become too expensive? I can't recall the exact numbers, but the Tesla 3 has already increased in price by 25% over a time frame I can't recall. On top of this, Elon is saying the included cable for charging was removed as a standard item because it wasn't used enough, but lots of details came out contrary to this. Seems like they are penny pinching all they can. Once these raw materials go up another 100, 200, 300%, who will be buying all of these EV's? Furthermore, your thesis presupposes that fiat currency won't experience any major shocks in this 5 year time frame. I would actually bet that it is quite likely that in the next 5 years, there will be a major shock. Money printing won't do much to help anymore, and higher interest rates will either kill the economy, or be dropped again, further proving how precarious the current financial and monetary systems really are. In other words, something big will break, but I'm not sure what. Sourcing enough raw materials for a booming EV industry is perhaps the least likely problem in the next 5 years.
We are going to make an exercise for prosperity. I will note the current value of a few relevant stock, ETF and crypto and we check back in every 6 months or so. BTC: 40 K BITO: 25.1 ACDC: 85.6 ( battery tech and Lithium ETF) You guys can list other battery related stocks too.
Again, this is from the expert: https://www.autoblog.com/2022/04/24...cXg25WOCHAAfQu08NxfD1Tl7XdgGKkISR1qEiTBVOTcPG Rivian CEO believes battery supply chain will be the next disaster Right now, "90% to 95% of the supply chain does not exist" to furnish the targets governments and OEMs have set for a decade from now. In the U.S. last year, 5% of overall vehicle sales were hybrids, 3% were EVs, both record numbers. To reach those percentages, lithium-ion battery demand has risen an average of 37% every year since 2015, the Journal saying this year will see a 50% jump.