Nick Szabo, a prominent figure in Bitcoin's early development, has highlighted the ongoing psychological learning phase of Bitcoin adoption. Szabo emphasized that as more people understand Bitcoin's role as a trust-minimized, inflation-resistant savings vehicle, its adoption will continue to grow. He likened Bitcoin's trajectory to NASDAQ stocks, characterized by adoption waves and speculative spikes. Szabo downplayed the importance of macroeconomic factors such as M2 supply and gold correlations, suggesting these are secondary to Bitcoin's educational cycle. He dismissed concerns about a potential ceiling for Bitcoin, citing its robust architecture and monetary history as indicators of a promising future. Currently, Bitcoin is trading at approximately $104,500, reflecting a 2% decline over the past 24 hours.