One issue I never see discussed is the role of the "Institutional investor". That is to say, there are a fair number of funds out there that may (or may not) hold AM shares in their portfolios. It is a bluechip stock in the bitcoin world after all, even with low dividends.
I cannot really state with any certainty what effect they may have, but I would assume it is non-zero.
Not sure there are any established/revered/respected funds (yet) that would create a follower-effect like a Berkshire would in the "real world".
Obviously you have demand concerns, if a large fund wanted to build a 10-20% position of their portfolio in AM..but that would likely be done through direct shares behind the scenes. I'm unsure if there are any funds in existence in the BTC world that are substantial size, +10,000 BTC would do it..