The simulation indicates that Bitcoin achieves 100% adoption in the store-of-value market, completely displacing gold under the given conditions:
Key Insights:
- Market Shift Boost:
- The market event at iteration 400, such as regulatory clarity or technological advancements, significantly increased Bitcoin's perceived value as a store of value, accelerating its adoption.
- Gold Displacement:
- Gold's payoff remained static, whereas Bitcoin benefited from dynamic incentives, making it the preferred choice over time.
- Tipping Point:
- Once Bitcoin adoption crossed a critical threshold, network effects further reinforced its dominance, making gold obsolete in the simulation.
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