Supply of BTC is half what it was after June 2011 spike. I imagine it is going to be something similar to the time between October 2010 and March 2011 when Difficulty increased rapidly relative to Price. (When the first publically available GPU mining software came online triggering a demand for buying BTC over mining it)
So what going to happen in the coming year, is BTC undervalued given the coming ASIC arms race like the 2012's were relative to the 13's?
Anyone care to share their thoughts?
The graph below is just a graphic representation of web data available it would have more value if you could show this relative to market adoption (possibly correlate mining reword relative to QT client downloads per month).
