lol, thoughts? In 2009-2012, Bitcoin was printing 7,200 BTC per day. Per DAY. That's 2.6 million new coins per year being dumped into a market with essentially zero demand. On pump.fun, if a coin had that kind of emission rate relative to its market cap, it would be at zero within hours. Every single time.
But Bitcoin absorbed all of that. For years. With basically no users, no exchanges, no infrastructure, no reason for anyone to buy. Someone was absorbing 7,200 BTC per day of sell pressure fr