Can you imagine a future (20+ years from now) where the immutable ledger of Bitcoin is used by society and the network is alive and thriving, but the price of BTC hasn’t reach a new ATH?

zeitgeist785
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Can you imagine a future (20+ years from now) where the immutable ledger of Bitcoin is used by society and the network is alive and thriving, but the price of BTC hasn’t reach a new ATH?

Would that be possible? Do the demand for block space inevitably push the price up?