[tessierashpool]

> People want to collect bitcoin at current valuations because they are convinced it will become a currency/store of value of the future and hence rise in value

That’s just objectively false, though. Yes, a small group of people collect Bitcoin because they believe it will become a currency and therefore rise in value. But most people who collect Bitcoin think it will rise in value because they see it rising in value.

Occam’s razor, dude.