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I think your argument is _almost_ right. You should be applying that logic to the total "market cap" of the asset, not to the unit price. In particular, the hu
by maest 6y ago
I think your argument is _almost_ right. You should be applying that logic to the total "market cap" of the asset, not to the unit price.
In particular, the huge bull run in crypto happened because mass retail and institutional money came into the market, bidding the price up. Arguably, if TSA agents are already bought into bitcoin (the implication being that TSA agents, as a class of people, are very unsophisticated investors) there isn't a lot more money waiting on the sidelines that could flood the market (not completely true, as there are still untapped pools of institutional money).