According to @Excellion, the Bitcoin community is splitting between participants focused on applied cryptography use cases and those prioritizing Bitcoin as money, creating two distinct narratives that can shape trading frameworks and risk assessment, source: Samson Mow (@Excellion) on X, September 1, 2025, https://twitter.com/Excellion/status/1962368371606933857. Traders can map catalysts, sentiment, and positioning to these two narratives when evaluating BTC exposure and strategy execution, aligning analysis with whether developments emphasize cryptographic experimentation or monetary adoption, source: Samson Mow (@Excellion) on X, September 1, 2025, https://twitter.com/Excellion/status/1962368371606933857.

According to Charles Edwards (@caprioleio), the argument that Bitcoin (BTC) is 'too volatile' or 'just speculation' overlooks a crucial point in its adoption cycle. For Bitcoin to evolve into 'real money' for daily transactions, it must first achieve a market capitalization of $10 trillion to $20 trillion. Edwards asserts that the only way to reach this valuation is through a period of massive volatility, which facilitates its acquisition by early adopters. This volatility is therefore not a flaw but a necessary phase on the path to becoming a high-market-cap, stable asset.