@ROWEBOT3339 Also, with greater liquidity in the market each cycle, it is harder to push the price around with the same amount of capital going in or out. A $1m purchase is going to have a much higher impact on the price when the market cap is $20m than when it is $1T.
Replying to https://twitter.com/ROWEBOT3339/status/1730702145240891765:
@ROWEBOT3339 Bitcoin's value is still in the process of discovery, and hence is still volatile. That volatility has been going down with each cycle so far. Once it reaches market saturation, the value will naturally stabilize.
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