As long as there no printing of the fiat, what does it even matter if there's a supply squeeze? I get it, if you're talking about active trading, but otherwise, as just a means of exchange, do we really care? Prices'll just adjust per supply/demand. Or am I missing something?
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Exactly, you aren't missing anything.. a supply squeeze doesn't make much sense, unless big institution start naked shorting BTC without spot bacukup, but even then, demand will raise, price will go up, and coins will come back from cold storage to exchanges.