Perhaps if there are let's say 100 people starting 10-50 different digital businesses/person that accept btc as the only choice of payment it is possible, and they only accumulate coins, never sell them.
I'm gonna go ahead and assume that those bitcoin businesses sell what all bitcoin businesses sell: hopes and dreams. While the industrial moguls live in Mom's basements, eating Mom's food.
Because ordinary businesses have expenses: overheads, salaries, restocking merchandise, taxes, etc., etc. Which necessitates spending.
You did not understand what I meant.
I talked about starting digital businesses, and sometimes they are cheap to build and you do not need expenses to run those. Running multiple web sites will not cost that much.
If one site generates
on average BTC 1/day profit, then multiplying it by 50 you get 50 btc profit/day - and if there are 100 such entrepreneus, they lock
BTC 5000 /day to their cold storages. Eventually the price has to rise.
Merchants that instadump the bitcoins will be no good for btc (except indirectly perhaps with visibility). The value of btc lies only on the holding of it, not using it as a payment token.