Can't help but think that in a global economy underpinned by Bitcoin, we're likely to witness a significant shift in consumer behavior, steering away from the rampant consumerism that defines much of our current market dynamics.
Bitcoin's fundamental properties, especially its capped supply and potential for value appreciation, inherently encourage a more sensible approach to spending. This isn't just about choosing savings over immediate expenditures; it's about a profound change in how we perceive and utilize money.
The most notable impact would be on trivial consumerism and the high demand for brand-dominated products. As people become more conscious of Bitcoin's long-term value, the allure of spending on products with no inherent value beyond their brand name is likely to fade away.
This shift could pave the way for a market that prioritizes real value, quality, and sustainability over mere brand appeal.
Ideally, the products and services that will be left on the market to trade are those that actually make our lives better.
Also, if you know of any material that discusses this in more details, I would love to know about it.
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