Pretty much, which is exactly what you'd expect and I've seen @denlillaapan express that expectation, too.
As more value is stored in bitcoin, it's just harder to move the exchange rate by the same percentage. Alternatively, as we get nearer to equilibrium purchasing power there's less arbitrage opportunity, so there's less incentive to get in.
Pretty much, which is exactly what you'd expect and I've seen @denlillaapan express that expectation, too.
As more value is stored in bitcoin, it's just harder to move the exchange rate by the same percentage. Alternatively, as we get nearer to equilibrium purchasing power there's less arbitrage opportunity, so there's less incentive to get in.