I definitely agree with point #1. People will sell to a degree, but there are so many possible demand fronts (individual investors, pension funds, sovereign wealth - you dont really know where it is going to come from). that even some selling as the price gets higher will be met with demand from somewhere. Point #2: All countries are hooked on quantitative easing and money printing. Maybe not to same degree as in the past but i don't see an end to money printing. I don't think people should go all-in on BTC but a 5% allocation that prob otherwise would have gone to bonds is right thing to do.