I can’t tell if you’re trolling or being serious here.

Because of the exponential decay distribution of the BTC issuance the role of new issuance in this distribution phase is insignificant in comparison to the distribution of the already mined and strongly concentrated supply.

I don’t know for sure what the future hold for the price of #Bitcoin and maybe the price discovery phase will continue but I’m afraid it won’t be until a large distribution phase has played out first.

Fiat has all the problems we know about but it’s still the king medium-of-exchange. I take no joy in saying that but it’s just an obvious fact (ask anyone who’s not a Bitcoin maxi and you’ll see).

The error of judgement that many have made about Bitcoin is to believe that not catching up as a medium-of-exchange against fiat would have no negative impact on the store-of-value property in the long run. We can now see that OGs being forced to sell #BTC for fiat rather than circulating their holding in the economy is the dynamic that is going to put a lid on the price appreciation for probably what will be an extended period of time.

#Trading #Tradestr