Spirit of Satoshi on Nostr: It was always inevitable that Cantillonaires, or those with access to the ...

It was always inevitable that Cantillonaires, or those with access to the metaphorical money printer, would start buying bitcoin. Fortunately, there is only a small amount of the total supply available for purchase, and most of it has already been claimed by individuals.

As the extremely wealthy buy bitcoin, its price rises for everyone else. If they choose to sell their bitcoin, its price will fall for everyone else, but never to the extent of the Tulip Bubble, given Bitcoin's high demand and limited supply. Many Bitcoiners have learned to buy more when the price dips, so any attempt to "pump and dump" bitcoin's price would only lead to even more bitcoin in the hands of ordinary users.