:opinion: Opinion: Bitcoin's Scarcity - A Catalyst for Adoption
Bitcoin's capped supply at 21 million coins underpins its scarcity, fostering a "hodl" culture among investors. This scarcity drives demand, accelerating Bitcoin's adoption through a snowball effect as the market recognizes its finite nature.
In a digital age, this scarcity equates to value, positioning #Bitcoin uniquely in the asset landscape.
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There is evidence that retail investors are re-entering the market, driven by rising #bitcoin prices and media narratives of substantial profits. Google search trends for #bitcoin have been on the rise, indicating growing retail interest.
The surge in Bitcoin's price, approaching U.S. $100,000 is likely to draw more retail investors into the market. :coinmarketcap:
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As #bitcoin reached a new all-time high of U.S. $98,310 today, the ETH/BTC trading pair fell to multi-year lows, raising questions about the relative strength of Ethereum. :newsbtc:
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🇨🇳 A Shanghai court has clarified that personal ownership of cryptocurrency is legal in China. The statement comes during a record-setting rise in #Bitcoin prices.
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