Exactly. Like in 2017, it's mostly fueled by hype. All big companies that invest in BTC are NOT "hodlers", after a threshold they sell everything or a majority. I don't believe tesla will keep bitcoin if goes below 30%-50% of what they bought at.
When the panic selling starts is game over.
The limited supply logic has meaning if people hold, if they don't, nobody will care it's limited in supply because there's no demand for it.
When the panic selling starts is game over.
The limited supply logic has meaning if people hold, if they don't, nobody will care it's limited in supply because there's no demand for it.