lol; "More acceptance = lower price"
Talk about missing the forest for the trees.
It could happen... what if "more acceptance" means more merchants accepting bitcoins using payment processors like
Bitpay and convert to fiat?
Where to the bitcoins go? There are only so many people buying each day...
You are assuming that those sales are processed by people buying bitcoin, doing the purchase and bitpay immediately converting it back to fiat for the vendor. That argument falls down for a couple of reasons:
a. People holding bitcoin before the purchase, will probably still want to hold an amount of bitcoin after the purchase, so will top up by buying with fiat.
b. People who were not holding bitcoin before the purchase probably converted more than they needed for the purchase, so are left as bitcoin holders and potential bit buyers (now that they have tasted it).
c. Some vendors have openly stated they are NOT converting their earned bitcoin to fiat
All three of the above will cause increased demand on the available bitcoin pool, so force the price higher!