look at bitcoin stock to flow model by planB. After every halving it doubles because fixed supply 21M coins and production halves every 4 years/210K blocks, so instead of 12.5 mined per block, miners get 6.25BTC in 2020. So if production will only decrease and stock to flow ratio increase, then price must be driving it. look at log graph of price and you will see after every halving the price increases. stock to flow model and price has been accurate to 95.5% R^2 so far and the model predicts a few months after next halving in may 2020, that the price will increase to 100K usd, maybe 300k because it is seriously undervalued rn, then a drop. Bull and bear markets happen all of the time. The popint is btc makes a new larger lowest price every year and company adoption that accept its payment is only growing. best performing asset int eh last 10 years. every aspect is superior to gold and fiat money only loses value with inflation. Fed with quantitative easing, Hong kong and venezuela hyper inflation will increase bitcoin use as a store of value.Hash rate, etc are all at an all time high and so blockchain is gettign more secure. Gold can be dug up, FIAT can be printed, there has never been a currency more scarce than bitcoin.