Post
Topic
Board Altcoin Discussion
Re: Help me understand
by
makishart
on 31/07/2021, 13:31:24 UTC
Will the BTC price take longer to reach all time highs with time? 5 years ago 10k bought 3 BTC, now it buys .25. Does that mean that as price goes up, it will require more fiat to keep it pumping?
That's the law of demand and supply. When people are buying more and more bitcoin and that will make there will be less bitcoin in the market. that will make there will be limited bitcoin in the market. People need to put more and more money to be able to buy that. that's why bitcoin already called as anti inflation asset.
People will need more and more money to buy 1 bitcoin.