If anything, shitcoiners may finally realize that they are holding vapour ware and dump it for the real thing. A massacre in shitcoin land is on the table.
Discussion
I don’t think that’s how supply and demand work. When Demand surpasses supply exponential and other competitors come into the market. I think that’s why there are dozens of hamburger chains.
I still don't understand where the demand is supposed to come from other than some minor blips from psychological piggy backing. Institutions aren't interested in anything other than bitcoin leaving everything else on the sidelines.
Institutions are willing to put capital into an asset at 50k/coin. But they are going to be less willing at 1mil/coin. Institutions will have to sell products. Institutions will have a harder time selling that product at a much higher price. Therefore, another will need to be created. For institutions this isn’t about buying great assets but selling products.
note1dayal00ncd0q2rglqvtf4zkhpgjra6jejtjtsv77sry9x39zdd8spj4m5k