With the market cap needed to move it, I guess the diminished returns are real.. Or are they?
Discussion
i think ETFs and BTCs are pulling down prices because they are taking a margin and sinking it into debt repayments
also, price discovery is getting weaker the more things track along with such as coinbase rehypothecating. in fact, i think what will be the trigger for the sharp jump upwards is going to be a bank run on coinbase
wen bank run?
What happened to the scarcity-demand allegory "what happens if an unstoppable force hits an immovable object"?
Yes, the diminished returns model could be broken.
If this bull market turns out to be subpar, I'm convinced the following bear market will be just as weak. That's fine with me. If the price continues to rise dramatically this year, I'm also okay with that.
Bitcoin will do whatever Bitcoin will do. 💥. Its not like we can go back to fiat.