Brisket on Nostr: I think the new supply is having less of an impact on price. New supply to be issued ...

I think the new supply is having less of an impact on price. New supply to be issued is such a small fraction of the total supply in circulation.

I think there's also validity to the impact of global liquidity cycles has had on Bitcoin's price in prior cycles.

In terms of supply & demand impacting Bitcoin's price, I think we're moving into an era where demand plays a much bigger role. Demand is increasing exponentially from new adoption.

Everything about Bitcoin seems bullish right now except for the price. I just hope that this is from OGs selling rather than custodians/exchanges doing dodgy shit.