To be honest I didn't understand 80% of the figures but that means I'm bad with economics not your explanation which I find really interesting.
In my opinion the most important booster on your explained process will be the HIVE blockchain expansion utility will it be dapps, games and many more we cannot think of by now.
As a friend says, the more value we create the more valuable the token will be. If you add the supply/demand to the fire I guess we will be seeing those described scenes.
This ecosystem has become a reality for lots of people that just live from the incomes they get from the system. If they massive sell HIVE to have FIAT, won't it be at some extent like a dumping scenario or wouldn't it be enough to exceed the growing demand?
Maybe I did not understand anything :P
Certainly the utility tied to the activity on the blockchain is one of the most impactful areas in terms of price (demand). However, that is not the only one. Yet, from that viewpoint, the development of apps and games is the pathway to that end.
As for the selling pressure, yes some will sell their rewards to get into fiat. However, others will be buying. It is what the majority are doing, not what a few. If more buyers than sellers, then we see the situation with prices going up.
Perhaps those who are selling to get into fiat are selling to application owners who need the HIVE for RCs to delegate to their users.
Or maybe someone is buying it to produce a large amount of HBD.
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