Part 5/6:
Ultimately, Bitcoin operates as a “gambling asset,” a characteristic that stems from its high volatility and the continuous need for new buyers to sustain upward price momentum. As the supply of Bitcoin increases, the potential for equilibrium at elevated levels wanes. If Bitcoin were to stabilize at high prices, the incentive disappears for key players—particularly larger investors or "whales"—to hold onto their gains. This anticipation could prompt them to cash out, leading to corrections that would once again foster volatility.