The demand for Bitcoin relative to its intrinsic value is much more linear than its demand based on speculation and human behavior. These two overlapping paths are what cause opinions about the underlying technology to drastically change as the price moves.

The demand for Bitcoin relative to its intrinsic value is much more linear than its demand based on speculation and human behavior. These two overlapping paths are what cause opinions about the underlying technology to drastically change as the price moves.

from Twitter Search / BitcoinMagazine https://twitter.com/BitcoinMagazine/status/1076860361905766401