Something i have not heard many people talk about.. is the slowly dwindling supply of bitcoin and what this would do for a future price increase.
You see.. each day tiny bits of bitcoin are being left in old unused wallets. Users often use a wallet just once when making a transaction.. and often tiny bits of bitcoin are left over.
It could be 20 satoshi, or even 1000. It could be 30 cents worth.. 1000s of satoshis. Each day this keeps happening.. the supply of bitcoin is slowly going down and down.
Then we can also look at the stories of people losing access to their bitcoin. One guy supposedly had 6m worth on a hard drive threw it out, he even paid people to try and excavate the dump site to find the lost bitcoin.
There are millions and millions of bitcoin wallets, and many thousands are being created each day.
So one wonders, what would this mean for the future price of bitcoin.. if the supply only keeps going down, and the usage only keeps going up?