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Author Topic: Limited Bitcoin Supply Will Push Price to Incredible Numbers, Says Ark Invest’s  (Read 150 times)
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March 28, 2021, 07:24:21 PM
 #21

It feels like a bit of a Catch-22 situation - people love buying Bitcoin but with the price going up and big funds hoarding large amounts, it will eventually reach a point where it loses practical everyday transaction value. At present due to a bunch of innovations the transaction fees that were previously an obstacle have been brought down to a more reasonable rate again, but that always seems to be a large limiting factor and a reoccurring issue. Another point to consider - many people are using Bitcoins (now on a much larger scale) in order to easily transport large amounts undetected over borders, as the amount of owners and active users consolidate into smaller numbers it will increasingly lose its power of anonymity. I hope it continues to rise in value, it's just there are a lot of risks and to any serious Bitcoiner the longer it stays low so we can buy more - the better!

R


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March 28, 2021, 08:54:17 PM
 #22

What Cathie Wood's Ark Invest said is true, because the limited Bitcoin supply makes Bitcoin scarce. While the demand for Bitcoin continues
to increase, this is what ultimately makes the price of Bitcoin continue to rise, Although what Cathie Wood's Ark Invest said was nothing new.
Still they words had a positive effect on the development of Bitcoin. Therefore, actually buying Bitcoin at the current price can still get profit
from Bitcoin, even though the price of Bitcoin is now high. Because the limited supply of Bitcoin will make the price of Bitcoin continue to rise.

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