I did that same math at 16k, fun stuff. We're moving towards a market where mined issuance isn't as big of a factor. Not quite yet, but two halvings and it will be largely inconsequential.

The price right now is driven by two things - leverage and long term profit takers. Both make sense. But what will really change things is when all the "sell for a loss" people are gone again. Once everyone understands there is no point in selling Bitcoin for a loss, that's when we climb the stairway to heaven.

Profit, consolidate, profit, consolidate, profit, consolidate, all the way up until fiat dies.