I am a huge fan of Bitcoin, though I am not financially invested.
My interest is from the point of view of energy.
The real value of Bitcoin is that it is the first example of how to monetise sunlight, it seems to me.
I don’t agree its scarcity is what gives it its value, because scarcity, at the end of the day, is not what we want.
Scarcity might be good for capitalism, but it is hopeless for people, and even all of life.
Most of us really want abundance, not scarcity.
Personal abundance, is what is being sought by the capitalist investor, when he/she buys Bitcoin, or any other "Asset".
Abundance for ourselves, but scarcity for everyone else, is what we seek when we financially invest in capital like Bitcoin or anything else with a view to make profit, it seems to me.
And enforce scarcity the pursuit of profit generally does, on others, in other places, as we can see, millions are going homeless and starving, literally to death around the world, as a direct result of people investing in the things that deprive resources, from those who need them.
Additionally, we can see our planet and all of life, is under attack by the same incentive to invest for the gain of us personally, or our tribe.
On Austrian economics, it isn’t quite true that it describes scarcity as the thing of value in money.
Austrian economics ideal money, is money that represents actual product.
In other words, in the Austrian Economics ideal world, money should only be issued backed by product, not on a whim, or in an effort try to influence markets artificially.
Bitcoin satisfies that ideal, by the main product being availability of solar energy.
Bitcoin pushes up solar power infrastructure, as I’ve outlined in the Kardashev Hinge Story.
But the effect of that free power availability, on all capital, is to devalue it.
Bitcoin is thus directly responsible for the demise of gold.
That is why Bitcoin is becoming the only thing worth investing in, it is removing the value of all capital.
Which means Bitcoin itself is more than capital.
Bitcoin is assured abundance, because it represents the availability of the limitless free energy of sunlight.
Max Keiser and El Salvador et al, seem to have missed this, still, because they are obviously choosing to use volcanic energy, rather than solar, to power their Bitcoin ambitions.
But that won’t last, they will soon find solar the better deal, I think.
I hope not by losing too much, volcanic energy gone wrong could cost an awful lot more than just money.
Anyway, not quite the same view as you’ve described, but the end result is the same, Bitcoin is the only "good" asset, it seems to me.
Btw, I think you might be missing China, as an example of controlled economy beating uncontrolled.