- Apr 27, 2000
Bitcoin is designed to be deflationary. The only way the price goes down over time is if people abandon it wholesale. Even sustained interest over time will drive up the price, albeit in fits and starts. It'll crash again sooner or later, and bottom out at a point higher than the last crash. Wash rinse repeat until eventually someone does something to wipe out the miners.The Liquid Bitcoin supply has been dropping for a year now. The most likely explanation is big long-term buyers stepping into the game.