/biz/ - Business & Finance

>>57521934
>Price is the primary indicator of demand

No its not, numbskull, as already established, crypto prices are routinely manipulated by faking the perception of demand through wash trading and assorted shenanigans.

Actual adoption i.e. merchant acceptance is the only objective metric of real, ORGANIC demand. And Bitcoin is rapidly losing that, leaving it wholly reliant on the hopes & dreams of delusional bagholders who *currently* still believe they're going to acquire generational wealth soon by virtue of owning a fraction of a BTC.

Not a good long-term outlook.