Fair enough. 

I wanted to put this idea out there because I do think it's relevant to how we should think about the effects of increased adoption. We likely aren't in a place where it's a driving factor yet, though.

Undisciplined

econ

Is increased merchant adoption reducing bitcoin's purchasing power?

I guess it's possible, but I don't think there would be enough merchants to counter the massive buying by ETF's and now companies putting it on their balance sheets.

I think it's just that most people who have been in Bitcoin for some time don't think of it like we do. All the bitcoiners here, on Twitter and nostr are the minority. Most see it as a way to get more fiat and they are selling it.

It's unfortunate, but it is what it is.