sms on Nostr: Supply is tightening while selling pressure continues to ease, and I’m increasingly ...

Supply is tightening while selling pressure continues to ease, and I’m increasingly confident that the top isn’t in yet. I’m clearly not alone, plenty of others seem to share that view. As supply becomes more scarce, even modest demand can have an outsized impact on price.

What’s fascinating is how price itself can either attract people to Bitcoin or push them away. For some, a rising price is an orange pill: a wake up call to pay attention. For others, volatility or a lack of immediate gains becomes a turnoff.

Personally, I find Bitcoin’s price action interesting, but I don’t need NGU 24/7 to stay convicted. That expectation isn’t realistic. Bitcoin is bigger than its short term chart.