There are three demands for Bitcoin:

1. Electronic cash

2. Asset value storage

3. Crypto narrative hype

The three have had a dominant impact on the price of Bitcoin at different stages.

The demand for electronic cash + value storage can be said to be a strong demand, which is the iron bottom of Bitcoin price

Narrative hype determines the hard cap that Bitcoin can reach at different stages.

In the long run, the worst case scenario is that Bitcoin returns to the iron bottom of electronic cash + asset value storage

The best case scenario is accompanied by crypto narrative hype, and another wave of peaks.

So, if you want Bitcoin to rise high enough, it’s best to pray that a layer of assets like#brc20#runes can rise and fly high enough#美联储何时降息？ #Telegram创始人获保释 #BNBChainMemeCoin #小非农增幅创3年多新低 #美国8月非农就业人数不及预期