if there is more non stop demand of bitcoin continue after the market correction , the circulating supply will tend to zero. and the price will go up . what might be the price . will the price be fixed or increase or decrease?
Ofcourse if the supply of bitcoin becomes zero it will make bitcoin become valueable because of its rarity and certainly make the price more expensive ten times or a hundred times from the current price. The reason is the demand on market tends to increasingly high while the available supply is very limited.
I hold to the opposite opinion. Right now, bitcoin and other cryptocurrencies are of no particular use beside speculation, therefore their value comes mostly through speculation. In simple terms, without speculation there is no bitcoin, sort of, but speculation requires both supply and demand. So if there is no supply and only demand present, there will be no speculation and thus no speculative value. Since almost all value presently is speculative, then without speculative value there will be no value at all.
Such is my logic, but everyone, of course, is entitled to have their own opinions.
