Self reinforcing cycle.

Hodlers' conviction goes up ->

Price goes up ->

More educated users enter space ->

More bitcoin leaves exchanges ->

Repeat

nostr:nevent1qqsq40gdvjfzmja4505mngxaq425rz8kpxrgjjef0tae9jrzh0xe27cpz3mhxue69uhhyetvv9ujuerpd46hxtnfdupzq03pckr6cz9j6qs9mgcqd3lxqt7j5v42djulfdp6w5tjpvdgtv0aqvzqqqqqqyqgfwnl