Do you know what the Reflexivity of bitcoin means?

For those hanging around bitcoin and crypto have likely heard the phrase, the reflexivity of bitcoin.

This refers to a loop where bitcoin becomes stronger as it the price goes up.

It looks something like this:

(Source: https://twitter.com/BitcoinNewsCom/status/1761893169145282624/photo/1)

We have higher prices, then we have more miners, then we have more security, then we have more attractive, then we have more users and hodlers, which causes higher prices and the entire cycle to repeat…

It's beautiful.