I was thinking about this recently as adoption was increasing like Tesla purchasing etc. Won't high profile adoption like this actually stop the price of BTC from increasing? at least in the spikes we are used to. Bitcoin is now getting backing of physical goods so there is no longer an invisible ceiling and in fact bitcoin prices should start dropping as adoption increases BTC would have to start coming more in line with FIAT currencies.
Isn't this the reason for cryptocurrency to have a decentralized currency? I mean that doesn't work if the value keeps skyrocketing.
lets say 95% still using Fiat currency and 5% using crypto until the number flips fiat currency is still going to affect crypto prices especially if goods can be bought with either. If a Tesla costs 100k then its would cost 1.4 bitcoin I would think by association that would keep the prices stable?
Thoughts?
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