The Supply and Elasticity of Bitcoin

The price is just a function of supply and demand. It's the marginal seller versus marginal buyer at the current moment. If you never sell your Bitcoin, you're just like buy Bitcoin and hold it. So when there's net buying, that's obviously great. When there's no sellers and a bunch of marginal buying flow, the price skyrockets. But on a tick by tick basis, I think in 10 years from now, if you open up a key 500 index, the dollar index against other fiat currencies and the Bitcoin chart, I think they're going to trade in tandem with each other.