More and more bitcoins are beginning to be held by ideological holders who won't sell until the day it becomes the prevailing global monetary supply.
Since the time bitcoin's price started to grow by exponential values, this trend has set in. It does not mean they are not going to sell - an investor has a lifetime and idea of what they are going to do with their investments in case of their demise; their next generation may or may not be so diligent.
If they dont sell, the market becomes dry and less liquid, until someone sees the profit in rising prices and sells - this will happen due to supply and demand but will gradually make the coins increase in value.
Not that this is a bad thing, because till date I havent seen anything bad about it from being a holder though I cant say the same for a no-coiner - they might be feeling jealous of hodlers assets.
This is the path of Hypberbitcoinization.
Brainfart much?
Do you think this is the only way? or will we need to governments aid to make it global?
Government aid is needed in future for merchants to accept and use bitcoin in a quick and easy way without having crypto bans happening.
