Is there a possibility for the price of Bitcoin to rise indefinitely?

It is highly unlikely, because in terms of pricing systems, there are two pricing mechanisms.

One is the consensus price, and the other is the cash price.

The consensus price depends on the price after leverage that can be mobilized by cash; it exists within a stable leverage mathematical model, which can be manipulated by market information and policy support. The friend of the consensus price is time, and its enemy is also time.

The difference between these two times is that during the price rise phase, the consensus price cannot have too much oscillation time; this oscillation time cannot exceed one month. If it does not exceed one month, the market chip structure will not have sufficient turnover, which means you can understand that the mathematical model of the consensus price has not been disrupted.

The cash price exists during the deleveraging phase of the consensus price; this number will not be reached, but will only get infinitely close. You can understand it as the accumulation capacity of bad market factors, which is the degree of deleveraging and how close it can approach the cash price. However, if one day the cash price truly appears in the market, then it is the time when the market has completely collapsed, because the market no longer has investment and speculation attributes, and thus the market will no longer be patronized by money.

As a professional investor or speculator, one hopes to achieve two goals from the market, and it would be even better if both can be achieved simultaneously: one is to make money, and the other is to add permanence to this money-making attribute.

On one hand, it is necessary to make the cake bigger, and on the other hand, to continuously eat the cake. Logically, if the cake is being eaten, there should be no possibility of making it bigger. This requires continuous inflow, constantly bringing in new funds, then consuming them, reintroducing them, and repeating this process.