A nice video, interesting approach & commentary.. But can the model of boom and bust really be applied to an asset that may or may not have intrinsic value. Has ADOPTION of BTC progressed ? What % of the world’s financial transactions is effected through BTC. ? This is a question , I do not know. But if (as I fear) that percentage is not going up.....then It does not look good.....ever. The hypothetical curves you show do not take one important thing into consideration. At the bottom of those sine waves a significant number of the entities which make up the index in question disappear....they are not around to take part in the subsequent upswing.
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