> So while it's clear that bitcoin is a cultural phenomenon it's hard to say exactly how much of the market is real and how much is a show to get more people ho

> So while it's clear that bitcoin is a cultural phenomenon it's hard to say exactly how much of the market is real and how much is a show to get more people holding bags and willing to pick up more. And to the next layer: how effective it is at getting "people" (how many people/how many dollars) to "hold bags" (invest/purchase it/hold-on-for-dear-life)? How much of Bitcoin's ~160% runup/return this year so far can be attributed to regular Joe's investing their hard earned money into it? How can you quantify what portion/contribution of the probably... billion/trillion shift of money (from USD/EUR/whatever into BTC) it's taking to keep BTC at this $40k+ level? How is there new demand every day?