Why Is Bitcoin Going Up
Many do not understand why bitcoin does not immediately rise by 10%, 20% or more with the many new etfs. At first glance this would seem logical, but as always it is much more complex. The financial institutions must have the amount in bitcoin, but they can buy bitcoin sooner or later. Truewhat do you think about this? All good and well, but what about this?
Bitcoin relative to itself is not going anywhere, except perhaps if you look in terms of adoption and hash power. Those two factors will go up 'forever'. If you measure bitcoin's price relative to the dominant fiat currency, the us dollar, additional factors are involved, namely the devaluing of the usd through the use of inflation/money printing. Mounting interest in anticipation of the etf and 2024 halving. Increasing conviction of hodlers and % of bitcoin going unsold through the bear markets. Decreasing availability of bitcoin on exchanges and otc markets. Bitcoin is the only absolutely scarce asset and the buying pressure is real. Bitcoin is the currency of the internet: A distributed, worldwide, decentralized digital money. Unlike traditional currencies such as dollars, bitcoins are issued and managed without any central authority whatsoever: There is no government, company, or bank in charge of bitcoin. As such, it is more resistant to wild inflation and corrupt banks. Bitcoin is the currency of the internet: A distributed, worldwide, decentralized digital money. Unlike traditional currencies such as dollars, bitcoins are issued and managed without any central authority whatsoever:
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There is no government, company, or bank in charge of bitcoin. As such, it is more resistant to wild inflation and corrupt banks. Bitcoin is the currency of the internet: A distributed, worldwide, decentralized digital money. Unlike traditional currencies such as dollars, bitcoins are issued and managed without any central authority whatsoever: There is no government, company, or bank in charge of bitcoin. As such, it is more resistant to wild inflation and corrupt banks. Truewhy is bitcoin going up so much?it has grown 10k in only 2 days!! The reason bitcoin will go up is due to demand for it, and a limited supply of it. Demand will only increase because people learn about inflation, monetary debasement, hard money and hard asset and learn that bitcoin is the best hard money asset and they seek to avoid monetary debasement and inflation like we are all suffering from right now. Why is bitcoin going up faster than s&p 500 or nasdaq 100? Can someone please explain to me like a 5 year old why bitcoin price in usd is increasing I don't know anything about crypto but my friend appears to have made a lot of money from his investments, and i can see for myself how much it has grown since spring 2019. Is there a particular reason or reasons as to why it's price has increased so much?
There is no government, company, or bank in charge of bitcoin. As such, it is more resistant to wild inflation and corrupt banks. Truewhy is bitcoin going up so much?it has grown 10k in only 2 days!! The reason bitcoin will go up is due to demand for it, and a limited supply of it. Demand will only increase because people learn about inflation, monetary debasement, hard money and hard asset and learn that bitcoin is the best hard money asset and they seek to avoid monetary debasement and inflation like we are all suffering from right now. Why is bitcoin going up faster than s&p 500 or nasdaq 100? Can someone please explain to me like a 5 year old why bitcoin price in usd is increasing I don't know anything about crypto but my friend appears to have made a lot of money from his investments, and i can see for myself how much it has grown since spring 2019. Is there a particular reason or reasons as to why it's price has increased so much?
