Demand Dips For Bitcoin Are Temporary; But Lack Of Supply Is Permanent

Demand Dips For Bitcoin Are Temporary; But Lack Of Supply Is Permanent

From the “Double Spend” scare of January 20, 2021 to the flight to the relative safety of cryptocurrency’s decentralized trading platform on January 30, 2021, a ten day window in the life of Bitcoin illustrates the power of fixed supply versus variable demand on prices.

When rumors surfaced of a possible glitch in the blockchain system supporting Bitcoin, buying interest in the megacrypto…


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