Saw your comment, thought I'd weigh in:

Your argument about BTC fees here ...

"Bitcoin fees are not going up over time which is a primary condition of this thesis. Until Bitcoin fees actually go up and stay up anyone can use BTC, even poor people."

... falls flat because there are relatively few BTC transactions per block. If the Bitcoin network would have to process as many transactions as for example the Solana protocol, then watch Bitcoin's transaction fees skyrocket.

The main reason there are so relatively few Bitcoin transactions in my opinion is its fixed supply and incrementally decreased flow over time (block reward halvings), which causes people to hoard and not spend their Bitcoin as they expect the value to increase over time. In that regard Bitcoin has thus far failed its original objective, being to serve as digital money.

ps, do not get me wrong here, I am and have been a long-time Bitcoin supporter but I 100% agree here with @taskmaster4450 in that Bitcoin's PoW protocol incentivizes network centralisation which over time converges to only 1 majority miner controlling > 50% of hashrate.