{"id":561412,"date":"2020-05-15T20:51:29","date_gmt":"2020-05-15T18:51:29","guid":{"rendered":"https:\/\/en.ethereumworldnews.com\/?p=561412"},"modified":"2020-05-27T01:57:48","modified_gmt":"2020-05-26T23:57:48","slug":"bitcoin-btc-is-possibly-the-scarcest-asset-known-to-humanity-weiss","status":"publish","type":"post","link":"https:\/\/en.ethereumworldnews.com\/bitcoin-btc-is-possibly-the-scarcest-asset-known-to-humanity-weiss\/","title":{"rendered":"Bitcoin (BTC) is Possibly the Scarcest Asset Known to Humanity – Weiss"},"content":{"rendered":"
In summary:<\/strong><\/p>\n 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<\/a> 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.<\/p>\n The team made the statement via a tweet that Bitcoin’s value is bound to keep rising as global central banks continue printing fiat<\/a> in a bid to cushion their economies against the effects of the Coronavirus<\/a>. The full tweet explaining this can be found below.<\/p>\n #BTC<\/a> is possibly the scarcest asset ever known to humanity. #Bitcoin<\/a>'s price going up is the only way to accommodate higher demand for it. The question is: will there be higher demand? With central banks pledging to print to infinity, the answer is a resounding YES.<\/p>\n — Weiss Crypto (@WeissCrypto) May 15, 2020<\/a><\/p><\/blockquote>\n\n
Bitcoin’s Price Will Continue Going Up<\/h2>\n
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