The other aspect to consider is stock to flow, Bitcoin currently holds its value because it is pretty much held tightly. It has an extremely high stock to flow ratio. "Stock" means those who are sitting tight on their Bitcoin, letting it lie still for the future, and "flow" means those who are presently trading their Bitcoin. A limited amount of money can flow through the same Bitcoin many times, over and over, driving it higher and higher with each pass, as long as new Bitcoin is not coaxed out of hiding. And the interesting thing in this process is that it actually causes the opposite of the expected supply/demand reaction. With each pass-through of money more "flow Bitcoin" is moved into "stock Bitcoin", not the other way around like commodities and currency.

Hodlers gonna hodl