No it doesn't... what if bitcoin ends up becoming a worthless experiment? Just because it's scarce doesn't automatically imply that there will end up being a large demand for the coin which will cause panic buying and subsequent rally.
Seriously, gold bugs talk about how the price of gold needs to increase because of finite availability while gold bears argue that gold is a useless metal.
BTC seems even more useless to me.
/devil's advocate
Seriously, gold bugs talk about how the price of gold needs to increase because of finite availability while gold bears argue that gold is a useless metal.
BTC seems even more useless to me.
/devil's advocate
Bitcoin will never level off. It's just going to keep increasing in value as more users enter the market. That doesn't mean tomorrow. It might take 20 years but eventually it will happen. There will be down trends during that time but overall it has to increase in value because of the built in scarcity.
Or that could happen. I prefer not to think about that possibility though because I'm sitting on a shitload of bitcoins.