I don't believe that necessarily. I think people are not rational to think that "oh its too expensive" - I think they will still try to hoard it and speculate

I don't believe that necessarily. I think people are not rational to think that "oh its too expensive" - I think they will still try to hoard it and speculate on prices going up to 15x. And so on and on until the crises ends or they end up with no place willing to sell it.