The trading strategy aside. The interesting part is that Bitcoin (or crypto in general) represents a limited supply commodity that will (eventually) start to d

The trading strategy aside. The interesting part is that Bitcoin (or crypto in general) represents a limited supply commodity that will (eventually) start to decrease in available supply because it's also used as an active currency. The users of it as an active currency (as opposed to the users of it as an investment) are price insensitive and don't care what they pay to borrow bitcoin for a few seconds. As long as volatility isn't crazy those few seconds, they are in and out of it as a store of value immediately. That activity further limits supply. That's the thesis. Limited and dwindling supply along with having an active use that's price insensitive. Hence his claim that apart from short-term volatility, as long as it increases it's use as a currency, it's long-term value must rise.