The halving is near, and as many of us know, it will slow the amount of coins "minted" each time the miners find a block. I understand the basic of supply and demand, and I also know that the lesser the supply is, the higher the price. But what if there is a less supply but also less demand on the other side? Would the price still be high as expected? Or will it be low because apparently there are no buyers on the other side of the market?
Confused here. Please help.
Confused here. Please help.
There are thousands of people globally that transact with bitcoin on a daily basis and the amount of daily users has been growing over the last six years, so it's more than likely that the demand will continue to build up.. thus, block halving will cause bitcoin's value to increase - almost by default