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...or, our models are wrong and what we see isn't there/isn't needed/isn't wanted
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Wouldn’t that send us downwards?
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Maybe. The few remaining suckers holding the price up with DCAs and financialization might not have recognized it yet
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Seems like it would be bigger news if everyone else realized something about bitcoin that we didn’t.
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4 yr cycle.
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Up = Bitcoin becomes a useful money
Down = It doesn’t
Flat, I guess means all eventual adoption is priced in already. Although, even there, it seems like we should still be pretty steeply up to compensate for volatility and other uncertainties.