Newsflash: INFLATION IS HIGH.* Surprise! Reaction: SELL THE DEFLATIONARY CURRENCY, TO BUY THE INFLATIONARY CURRENCY!
Makes sense. To the average “Bitcoin investor” nowadays.
This is the least problem with letting people think of Bitcoin as sort of like a stock.
* Assuredly much higher than the heavily manipulated CPI numbers show. What kind of an idiot believes the CPI numbers? The kind who reacts to high dollar inflation by spending more money (BTC) to buy dollars.
Selling
BTC for
$ seems so irrational right now, that in my tinfoil mode I tend to think "someone" manipulates the price down, so that Bitcoin doesn't appear as the goto place in this inflationary environment..