AI changes that equation.
AI + robotics will create massive abundance in goods, services, and labor. When almost everything becomes cheaper to produce, fiat buys more of those things—but the scarce things that can't be generated by AI or robots become the real stores of value.
Land. Prime real estate. Energy. Scarce resources. And Bitcoin.
You can create a billion robots. You can produce goods at near-zero marginal cost. You can even create endless new currencies.
But you can't create a 21 millionth-and-one Bitcoin.
So I don't think BTC's future necessarily means lower volatility. If AI drives extreme abundance while fiat supply keeps expanding, BTC could go parabolic against fiat as capital chases the things technology can't make more of.