Sorry I misunderstood you. I thought you were saying “no future demand” is necessary for the price to increase, but you are saying no “increase in demand” is necessary. I agree.

My point to Mr Ross is that the network was not “designed” to increase the purchasing power of bitcoin as it is still a network that is inflationary, albeit disinflationary. But it still takes humans making decisions about purchasing bitcoin because they see the value in doing so, which bids up the price, and that is what causes bitcoins purchasing power to increase.