The fiat mind simply cannot comprehend.

A little insight after a conversation last night (not initiated by me), is that someone new, looking at these "high prices" really struggles to accept "who is still buying at these prices".

This is what happens when your environment has only ever had elastic supply.

The truth is that 90% of Bitcoin have already been bought by less than 0.1% of the total possible users.

It's not running out of buyers - it's running out of sellers.