I understand your point, but i'm not sure it applies to bitcoin anymore... it has become a trading currency, a weird sort of stock, it's not a buying currency,

I understand your point, but i'm not sure it applies to bitcoin anymore... it has become a trading currency, a weird sort of stock, it's not a buying currency, so I don't think your argument fully applies. At the most it applies as a storage of wealth, but not as a purchasing power, because it's completely impractical to buy actual stuff with due to transaction cost.