The Currency Analytics
By Steven Anderson
Bitcoin is Valuable, and Why?
The price of Bitcoin is likely to go up as only profitable miners might continue mining. Bitcoin is not going to stop.
Several of them who have the power to invest and under self-isolation are choosing to double their Investment in BTC.
Sydney Ifergan, the crypto expert, tweeted: "#BTC might not be the best form of #money. With money getting printed like anything, the #Bitcoin scarcity sells.
Those who are not sure of the direction of progress are waiting for the confirmation of the trend, and they are avoiding overtrading.
A calculation from a crypto enthusiast reads thus: “To maintain $7000 since Oct 2017, Bitcoin must have had about $400M new cash inflow every month last 2.5 years!
While the above perspective sounds interesting, Counterclaims question on how it will be possible to pay 2.7B a month to sustain the target of $100K USD.
It is very easy to explain why Bitcoin is valuable than fiat money. The potential yes, but in a real-time world, it is fiat that keeps making things move now.
Retail investors in the current scenario are desperate for cash. So, they might not contribute to the needed cash flow.
Anyone with any percentage of Bitcoin in their investment portfolio will sure benefit from it.