Bitcoin’s Success Story—or Just a Lifeboat for the Rich?

When Michael Saylor tells you to hold Bitcoin as capital, he’s not just advocating for financial security—he’s unknowingly speculating on the collapse of civilization itself.

Because here’s the truth no one wants to admit: Bitcoin’s price isn’t just a number—it’s a measure of global instability.

At the Plan B Conference in El Salvador, I had separate conversations with Jameson Lopp and Gabor Gurbacs that left me unsettled.

Lopp told me:

“Bitcoin is a chimera—appearing as currency to some and capital to others. That duality is both its magic and what makes it controversial.”

Gurbacs didn’t hesitate when I asked him what would happen if Bitcoin hit $3 million:

“That would indicate severe systemic problems in the global financial system.”

He wasn’t making a bullish prediction. He was issuing a warning.

The $3M Question: Currency or Capital

Let’s break this down:

• Bitcoin as a currency = Adoption of freedom

• Bitcoin as capital = Refuge from collapse

• Bitcoin at $3M = A financial and societal breaking point

  
  

Bitcoin as currency versus capital presents a dichotomy, but there's a third possibility, and we'll get to that.

Bitcoin’s rise as a store of value has coincided with the erosion of trust in global institutions. Every major financial crisis, hyperinflation event, or banking collapse pushes more people toward Bitcoin—not because they want to, but because they have no choice.

And here’s what HODLers don’t want to admit: Bitcoin was never only designed to be digital gold.

Look at its architecture:

• The UTXO model secures ownership and enables lightweight, scalable validation of transactions—critical for both spending and long-term holding.

• Lightning Network was designed to scale Bitcoin for frequent, high-speed transactions, not just micropayments.

• Time-locks and multi-sig enhance both everyday spending security and long-term wealth protection.

  
  

These aren’t the features of a financial relic to be locked away in cold storage. They’re tools for a dynamic, evolving financial system.

Yet, Bitcoin’s narrative has been hijacked by those who see it as an escape hatch rather than an economic engine. If they’re right—if Bitcoin is only a safe haven and nothing else—then a $3M Bitcoin doesn’t signal prosperity. It signals failure.

The Real Flippening

The flippening isn’t Bitcoin overtaking fiat. It’s the moment we stop hoping Bitcoin succeeds as capital and start praying it succeeds as currency.

Because here’s the darkest truth: If Bitcoin reaches $3M as a store of value, it won’t matter how many satoshis you own. It will mean:

• Societal systems have collapsed.

• Financial markets have imploded.

• Global trade has broken down.

• Trust has evaporated.

  
  

The next time someone tells you to HODL, ask yourself:

• What broke in the world to cause this?

• What systems are failing?

• What are we running from?

  
  

Bitcoin’s success shouldn’t be measured in price. It should be measured in velocity—the speed and volume of transactions.

And that brings us to the third path.

Bitcoin’s Forgotten Destiny

Lopp was right. Bitcoin is a chimera—it is both currency and capital. Its survival depends on our ability to embrace both without losing ourselves in either.

• If we let it become just capital, it will be a lifeboat for the few while the world burns.

• If we force it to be just currency, we strip away its resilience against manipulation and inflation.

• But if we allow it to be both? If Bitcoin can function as a transactional medium while maintaining its scarcity and security as a reserve asset? That is where its true power lies.

  
  

This is the Bitcoin standard the world needs—not one that thrives only in times of crisis but one that coexists with, and strengthens, a functional global economy.

The Real Choice

The real decision isn’t between currency or capital. It’s between stagnation and movement. Between fear and innovation.

Bitcoin’s fate is still in our hands.

But the longer we treat it like digital gold instead of programmable money, the more we risk sleepwalking into a world where a $3M Bitcoin isn’t a milestone—it’s a eulogy.

So ask yourself: Are you brave enough to spend your Bitcoin?

Or will you watch as its success becomes our failure?