Can we get to a point where there will resistance in Bitcoin supply ?

0 15
Avatar for Josemendez
3 years ago
Topics: Investing

If one has been conversant with cryptocurrency market trends , one will observe that most times whales affect market. They do this by flooding the market when the price of Bitcoin is high , and they also go back to buy back when other investors sell off their own coins ,die to fear of losing more . Thus , they benefit more in the market.

Presently , there are many top companies that have shown interest in Bitcoin investment. The good thing here is that these companies are not trading their bought coins . They are holdl the coins as assets , and have shown willingness to buy more , whenever the miners and whales tries to affect the market by flooding it.

If this readiness to buy more Bitcoin continues , whales may be scared of losing most of their coins to these companies , and thus may decide to holdl more.

When this happens , there will be high demand for Bitcoin with little or no supply. The price will thus skyrocket to high value.

In your opinion , do you think that whales may be forced to holdl their coins by these companies ,such as MicroStrategy , Square Inc , Grayscale , etc , that have started investing in bitcoin ?

1
$ 0.00

Comments