>the “wrong” people are holding btc, that’s bad because…because it just is, ok?!?
Bitcoin has no purpose, it is a new thing, a trustless intangible ledger, and can be used for new things.

We can use btc for at least two priceless functions:
1) We can encode the price of money into btc via aggregate demand for “economic unit”, in doing so creating a Trustless Price Signal of Money, i.e. THE economic reference point. This massively increases the efficiency of economic calculation.

2) Trustless intangible Store of Value: SoVs pre-btc either had to be physical or trust-based, both are subject to seizure, this provided negative sum actors (NSAs) a HUGE systemic advantage as NSAs can specialize exclusively in force, with a trustless intangible SoV we can guarantee voluntary exchange in-the-limit as btc can be made prohibitively expensive to seize (multi-sig, Shamir backup) and is infinitely more resistant to seizure by default.

Further, while not priceless, BTC will drain abstract economic demand from assets with functional use (gold, land etc) freeing them for productive use.

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Satoshi Is Rolling In His Grave Right Now.