What could be very tough to analyze in bitcoin is that, while we’re living in a very tight and low liquidity global market, those with liquidity or things to sell/swap, once they identify as NEEDING bitcoin in the face of growing economic, USD, global asset decay, all bets are off.

Do we know what happened when oil became a commodity, regardless of global liquidity? I guess we also can have a tough time comparing bitcoin to any other money/commodity situation (gold perhaps, but trying to break down the history of when gold was deemed valuable and what happened there we just don’t have data for going back hundreds and hundreds of years).