1、Over half of outstanding BTC has been stationary for over a year. Bitcoin is a speculative asset, and a long-term investment.

2、The multifaceted use case lends support.

This multi-use case not only provides a strong floor support, it also explains why even experienced traditional market watchers don’t “get it.”

How “unusual” bitcoin is – it’s speculative and volatile, it is also treated by many as a long-term investment, and history has shown that this lends the asset floor support while giving it ample upside.

Another reason why many seasoned investment veterans don’t “get it” is what they read in the media.

But bitcoin’s theoretical and demonstrated price floor is a key feature of the asset’s asymmetrical risk.

– at these levels, the potential upside far surpasses the potential downside, especially now that we know the floor is not $0.

Bitcoin’s use cases are still evolving