RATE Group | Bitcoin (BTC) is Possibly the Scarcest Asset Known to Humanity – Weiss
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Bitcoin (BTC) is Possibly the Scarcest Asset Known to Humanity – Weiss

15 May Bitcoin (BTC) is Possibly the Scarcest Asset Known to Humanity – Weiss

Posted at 19:13h in Bitcoin News by

In summary:

  • In a tweet earlier today, the team at Weiss Ratings has concluded that Bitcoin (BC) is possibly the scarcest asset known to humanity. 
  • Bitcoin’s price will continue to go up due to demand as the money printers continue to go Brrr.

Traders and investors who believe in the vision of Satoshi Nakomoto understand that only 21 Million Bitcoin will be mined. The fact that BTC has a known supply is one reason many analysts and hedge fund CEOs believe that a stock-to-flow model can be used to predict the future value of the asset. The team at Weiss Ratings has gone a step further and concluded that Bitcoin is possibly the scarcest asset ever known to humanity.

Bitcoin’s Price Will Continue Going Up

The team made the statement via a tweet that Bitcoin’s value is bound to keep rising as global central banks continue printing fiat in a bid to cushion their economies against the effects of the Coronavirus. The full tweet explaining this can be found…

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