What is the fundamental logic behind BTC's continuous rise???

Since I started paying attention to BTC in 2016, when it was speculated to over $10,000, the general public believed it was similar to the Dutch Tulip Mania, with no real assets backing it. At the same time, cryptocurrencies are not limited to BTC, and logically, there was no reason to support its continuous rise.

But nearly ten years have passed, and BTC has increased tenfold, proving countless skeptics wrong. In reality, everyone supports BTC's rise based on the same logic as gold, which is that the dollar is being printed excessively, with national debt rising from over $10 trillion to nearly $40 trillion now; naturally, gold should have surged as well. However, BTC is different from gold; simply put, BTC is a protest by a group of capitalists against the excessive money printing by sovereign nations. The more global capitalists recognize BTC, the higher its value becomes.

It is said that the ultimate goal of communism is to eliminate the nation-state, which contrasts with the future cyberpunk vision that also aims to eliminate the nation as a unit. Now, it seems that cryptocurrencies are particularly reminiscent of modern capitalists creating a universally recognized currency to escape state-controlled money as a transition to a future cyberpunk world.

As long as the U.S. cannot resolve its fiscal crisis and continues to expand its debt, BTC will keep rising. Of course, BTC will have an endpoint; ultimately, its existence is a resistance against the excessive printing of money by sovereign nations. But the question is, if in the future there exists a sovereign nation that possesses all technological advancements and relevant industry chains. As long as this nation recognizes another type of currency limited by the same blockchain, the value logic of BTC will be reshaped.

In short, BTC is currently in an era of favorable timing, location, and people, perfectly positioned between two major powers with balanced strength, both of which have unrestrained currencies, leading to an inflated value of a non-sovereign virtual currency. When these two major powers determine a winner, that will be the moment for BTC's value to be reshaped.