>>60513116 (OP)The narrative is line go up in fourth year.
And to be fair, there are hundreds of stupid company CEOs who want to copy Saylor.
So essentially, the last few months were a stream of company reserves, coupling Bitcoin tightly to the economic wellbeing of many companies.
If they get in trouble, for example because AI takes office jobs and people stop buying their products to save the money, they will have to sell these reserves.
To assess the long term planning capability of such buyers, let's have a look at the bicycle industry. During early Covid, everyone in the industry knew that the boom would fizzle out within months.
But everyone still had to buy inventory like crazy to keep competing with the others, you can't just get JIT logistics in times like that.
Then demand fizzled out, exactly as predicted, and everyone went bankrupt, and bikes are cheap every since.
Also, all the middle class Bitcoin investors will be unemployed soon, and will need some money to bridge the way down into factory work, because their kids' schools and the $1.5M mortgage don't pay for themselves.
