[ChainOfFools]

Strongly agree with the point made about the miners being criminally overlooked in all of this. If crypto and Bitcoin are camouflaged pyramid schemes, the people at the top of the pyramid- even above the exchanges and the hucksters and the VCs, are the small handful big miners who have been doing it even before BTC was a few dollars each.

There's a huge misdirection in the very thin narrative about minors, which is that "everyone knows" they've always had to sell the entirety of their coin bases to break even. This is completely taking the miners at their word when there is absolutely no reason to believe any of it.

The reason the price is stabilized every time it should fall is because the miners, and the OG miners alone, have the ability to collectively throttle back on selling their newly mined coins to the market and can do so almost indefinitely because of the massive profits they realized on early gains held long term. This is the true source of number go up and I'm surprised how little attention it's been given, probably because miners are notoriously publicity shy. You'll notice they're never talked about it any of these articles.