The US government is simply printing too much money.Due to cleverly aligned incentives and increased adoption, bitcoin is in a positive feedback loop that is likely to outlast our lifetimes.Savvy millennials see holding bitcoin as an alternative to the US dollar system that requires ever-increasing monetary dilution to finance entitlement spending and service the debt of older generations.A brief explanation of the Cantillon Effect, which may be driving some of the surge in bitcoin vs. the US dollar.
