With the leveling of the mining difficulty, inflation of the bitcoin money supply has fallen from 12% to 10% per annum. An instant 20% reduction in the new money supply has huge influence on tipping the equilibrium of the price.
Sure, good point. But I'd assume that rising prices will bring mining operations back in as the profitability of mining increases again, and inflation will pick up again. So I'm not sure if this will help a sustainable rally to develop.




