Replying to Avatar Brisket

Supply & demand.

Yes - there are similar effects on the way down.

Bitcoin is the only resource that has a purely inelastic supply & so all supply for new demand must come from existing stock. Most resources don't have a multiplier this high over long timeframe since production can be increased.
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rand0mguest2 2y ago

Plus with all the exchange collapses last year, self custody/not rehypothicating is top of mind. Less paper bitcoin suppressing price. It’s bearish, btc is going to explode to the upside

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Brisket 2y ago

Being early can feel a lot like being wrong.

My greatest regrets have come from giving up too early.