Bitcoin price: Dirty little secrets revealed by BofA Securities | Highlights here
Bitcoin price: The supply of this cryptocurrency is artificially scarce. Demand drives prices just like in other commodities. But there are twists. Bitcoin output is capped at 21mn coins and supply growth halves every 4 years. It is designed to become increasingly constrained. So demand swings are key to price moves. Indeed, BofA Securities show major institutional announcements and miner reward cuts have been followed by upward Bitcoin moves.
Bitcoin output is capped at 21mn coins and supply growth halves every 4 years. It is designed to become increasingly constrained. So demand swings are key to price moves: Reuters