What Cathie Wood's Ark Invest said is true, because the limited Bitcoin supply makes Bitcoin scarce. While the demand for Bitcoin continues
to increase, this is what ultimately makes the price of Bitcoin continue to rise, Although what Cathie Wood's Ark Invest said was nothing new.
Still they words had a positive effect on the development of Bitcoin. Therefore, actually buying Bitcoin at the current price can still get profit
from Bitcoin, even though the price of Bitcoin is now high. Because the limited supply of Bitcoin will make the price of Bitcoin continue to rise.
Topic: Limited Bitcoin Supply Will Push Price to Incredible Numbers, Says Ark Invest’s (Read 197 times)
March 28, 2021, 03:54:17 PM
March 28, 2021, 02:24:21 PM
It feels like a bit of a Catch-22 situation - people love buying Bitcoin but with the price going up and big funds hoarding large amounts, it will eventually reach a point where it loses practical everyday transaction value. At present due to a bunch of innovations the transaction fees that were previously an obstacle have been brought down to a more reasonable rate again, but that always seems to be a large limiting factor and a reoccurring issue. Another point to consider - many people are using Bitcoins (now on a much larger scale) in order to easily transport large amounts undetected over borders, as the amount of owners and active users consolidate into smaller numbers it will increasingly lose its power of anonymity. I hope it continues to rise in value, it's just there are a lot of risks and to any serious Bitcoiner the longer it stays low so we can buy more - the better!
March 28, 2021, 01:02:08 PM
Limited Bitcoin Supply Will Push Price to Incredible Numbers
without demand bitcoin supply will give us stable price (bear stage) or and more corrections.
The good advantage of limited supply is that you only need a small demand to influence the price. The more price increase, the more money you need.
March 28, 2021, 11:42:44 AM
Limited Bitcoin Supply Will Push Price to Incredible Numbers, Says Ark Invest’s Cathie Wood
https://dailyhodl.com/2021/03/27/limited-bitcoin-supply-will-push-price-to-incredible-numbers-says-ark-invests-cathie-wood/
Yes true there will come a big supply problem, and push BTC more and more up, specially now we seeing retirement funds starting buy Bitcoins.
Will be interesting follow
We already know that satoshi had a lot and he didn't sell and won't sell, and we all know there are some bitcoins that are completely lost as well, which all means there is actually less than 21 million available as well, and the more these companies buys will mean there will be even less, so it's going to reach to 500k+ dollar levels easily when they keep buying bitcoin in billions and eventually they will start buying from each other since regular traders won't have that much.
March 28, 2021, 11:28:33 AM
Well yeah we all already know this, but the more well known people who say this in public the more the general population will start to know this and adopt Bitcoin. Bitcoin has a 21 million limit, less than 2.5 million are left to mine, probably a couple million are lost forever, and there is likely a portion of those already held that will NEVER be sold. Meanwhile it's very likely billions of people and thousands of corporations will adopt Bitcoin. There is only one way for the price to go and it is massively upwards. In the future it is likely that anyone who got Bitcoin under a million dollars will be considered to have gotten in fairly early.
March 28, 2021, 08:23:28 AM
Some people still don't seem to realize that this isn't really about someone writing something sensational that might mean something special to anyone, it's about a classic paid article promoting a particular person or company. If something has a max supply, and if there is a constant demand for it, that increases with time, then it is quite logical that the price of it on the market will rise.
The market cap is actually quite irrelevant because it is only a visual presentation of something that certainly does not reflect reality given that part of the mined BTC will certainly never be in circulation because its owners have lost access to their private keys.
Bitcoin has unlimited potential and can be worth much more than today, but only if those who rule the world do not stand in its way. Regardless of the fact that no one can literally destroy BTC, imagine what would happen if it becomes banned in some powerful country like the US? Consequently, regardless of max supply and demand, don’t forget who holds the main levers of this game.
The market cap is actually quite irrelevant because it is only a visual presentation of something that certainly does not reflect reality given that part of the mined BTC will certainly never be in circulation because its owners have lost access to their private keys.
Bitcoin has unlimited potential and can be worth much more than today, but only if those who rule the world do not stand in its way. Regardless of the fact that no one can literally destroy BTC, imagine what would happen if it becomes banned in some powerful country like the US? Consequently, regardless of max supply and demand, don’t forget who holds the main levers of this game.
March 28, 2021, 08:11:12 AM
These statements are good and are to quote:
For many in the world who say that Bitcoin does not have support like stocks, the best support for Bitcoin is: Its technology and the Law of Supply and Demand, it is understood that the lower the limited supply of Bitcoin, the more it will rise in price , comes into action at higher Demand and lower Supply the price increases, and now when bitcoin is as famous as this year 2021 that has been so unexpected, many put their trust in Bitcoin, almost as a safe haven, sometimes more than the Same Gold, if 1 in 10 people in the world buy bitcoin we will see an increase in ATH more incredible than now, probably the one predicted in PlanB's S2F model.
Quote
“If we add all of the potential demand relative to the limited supply, we come up with incredible numbers over the long term. We have just begun. One trillion dollars is nothing compared to where this ultimately will be.”
source:https://dailyhodl.com/2021/03/27/limited-bitcoin-supply-will-push-price-to-incredible-numbers-says-ark-invests-cathie-wood/For many in the world who say that Bitcoin does not have support like stocks, the best support for Bitcoin is: Its technology and the Law of Supply and Demand, it is understood that the lower the limited supply of Bitcoin, the more it will rise in price , comes into action at higher Demand and lower Supply the price increases, and now when bitcoin is as famous as this year 2021 that has been so unexpected, many put their trust in Bitcoin, almost as a safe haven, sometimes more than the Same Gold, if 1 in 10 people in the world buy bitcoin we will see an increase in ATH more incredible than now, probably the one predicted in PlanB's S2F model.
March 28, 2021, 07:20:00 AM
Supply problem is not a problem though actually but the very design of Bitcoin protocol, as far as I understood. Everything has so far worked as well as Satoshi ever predicted so this is really how it all works miners rewards, block rewards, fees, everything. Just as he imagined and just as the economy is working it out:)
March 28, 2021, 04:14:23 AM
Indeed, the bitcoin's limited supply is what makes bitcoin so valuable today. the bitcoin price is getting higher because many people are interested in buying bitcoin and there are very few bitcoins to buy. the bitcoin price is going up every day because of scarcity. The early bitcoin investors know this, that is why they invested their money into bitcoin a long time ago.
March 28, 2021, 03:41:01 AM
It is inherent that bitcoin supply is limited from the day it was born. And people can see this as a chance to against the inflation which is intrinsicness of cash. Your capital always reduce its value as long as you hold cash.
That is why many and many people start to invest in bitcoin. The motivation to escape of the centralization as well as multiply the asset change most of peopel perception toward bitcoin and its technology: blockchain
However, there are problems must be resoleved in order for the next big step such as transaction fee. People with minimum wage do not afford to buy bitcoin with such a high fee like that and they are likely to miss the chance of interact with this marvelous invention. If bitcoin remains such high fee like that, it will become a term of investment and lose its primitive charateristic: to compete with cash and create new payment environment
That is why many and many people start to invest in bitcoin. The motivation to escape of the centralization as well as multiply the asset change most of peopel perception toward bitcoin and its technology: blockchain
However, there are problems must be resoleved in order for the next big step such as transaction fee. People with minimum wage do not afford to buy bitcoin with such a high fee like that and they are likely to miss the chance of interact with this marvelous invention. If bitcoin remains such high fee like that, it will become a term of investment and lose its primitive charateristic: to compete with cash and create new payment environment
March 28, 2021, 02:54:41 AM
People already know this. One of the main reasons why Bitcoin's price is expected to rise and multiply several times is that it has a fix supply. The limitation of Bitcoin's supply makes it the opposite of fiat which is unlimited. One of the reasons the value of fiat is decreasing regularly is that it is always increasing in supply. Anything which is unlimited in supply won't preserve its value in the long run. Bitcoin is not. The rising demand plus the decreasing reward makes Bitcoin more precious everyday.
March 28, 2021, 01:32:17 AM
Limited Bitcoin Supply Will Push Price to Incredible Numbers, Says Ark Invest’s Cathie Wood
I do not need anyone to point me out this because I am one of those people who believe into the speculation of bitcoin to be valuing around one billion (yeas, not misspelled) dollars. This may sound crazy but practically it may happen in coming decades. The good thing is, financial experts and big corporate start realizing the potential of bitcoin in way where we have been into for last 5 to 10 years.Yes true there will come a big supply problem, and push BTC more and more up, specially now we seeing retirement funds starting buy Bitcoins.
Is it a problem? Nah. It is a well-planned thing to make bitcoin popular as that alone will help it to be adopted. There were people who predicted bitcoin to test $1M by 2020 itself but I believe into 10x growth on every 4 years. Hence, this year we may see 100k to 400k and by next halving we may test $1M levels.
March 28, 2021, 12:04:31 AM
As expected but is there a person that's ready to buy those high number of Bitcoin price?
After all the last Bitcoin to be dig will occur in 100 years from now. So people will have to buy from those who are selling and of course, if the demand is strong then there will be an increase of price. But I really wonder if someone is willing to dump good money for a few Satoshi in the future? Those who keeps holding Bitcoin will make the market price to launch to the moon.
After all the last Bitcoin to be dig will occur in 100 years from now. So people will have to buy from those who are selling and of course, if the demand is strong then there will be an increase of price. But I really wonder if someone is willing to dump good money for a few Satoshi in the future? Those who keeps holding Bitcoin will make the market price to launch to the moon.
I thought ARK Invest is a cryptocurrency but they're not. So they are gradually making statements in interviews.
If there will be institutions ARK Inves that will buy BTC, they are not going to be buying on exchanges like Binance but most probably they are advised to buy virgin coins from miners or OTC so prices will not surge. There may be more of the financial institutions that had not said publicly but secretly gobbling Bitcoin from OTC, could this be considered a practice of manipulation like suppressing the price in the real market?
March 28, 2021, 12:02:48 AM
Limited Bitcoin Supply Will Push Price to Incredible Numbers, Says Ark Invest’s Cathie Wood
I would say that the belief in making hodl is that it pushes the price, many people are buying bitcoin for the purpose of making hodl and do not want to sell even if the price is $55,000, realize this because the price is not falling too much. and if more big companies are buying bitcoin it will cause the price to increase a lot, I didn’t analyze hard data, but I think most people believe in high prices like over $100,000 and must be waiting for these prices before they can sell mainly after the attitudes of elon muske and paypal entered this market
From most posts and comments it seems people will either sell all their bitcoin at $100K or they will start to scale out some positions at those prices.
I also think about it, and worse it only takes a few days of falling to start a big price drop.
March 28, 2021, 12:02:17 AM
Yeah, well, but that's just half of the story. The other half is the increasing demand. Both facts account for the present and future rise in price. But yes, that doesn't mean that the price is going to go up in a straight line, as price rises some people will want to sell and realize profits but this is the normal scenario. What's important is the price tendency due to the equation demand-supply.
March 27, 2021, 11:52:45 PM
This narrative ain't even new. The Bitcoin halving has been baked into the protocol since the very start, hence supply shocks with Bitcoin has been expected to happen for a good while now.
As expected but is there a person that's ready to buy those high number of Bitcoin price?
After all the last Bitcoin to be dig will occur in 100 years from now. So people will have to buy from those who are selling and of course, if the demand is strong then there will be an increase of price. But I really wonder if someone is willing to dump good money for a few Satoshi in the future? Those who keeps holding Bitcoin will make the market price to launch to the moon.
There will always be people who will need money either for personal reasons of for other purposes, regardless how good a certain asset is. After all the last Bitcoin to be dig will occur in 100 years from now. So people will have to buy from those who are selling and of course, if the demand is strong then there will be an increase of price. But I really wonder if someone is willing to dump good money for a few Satoshi in the future? Those who keeps holding Bitcoin will make the market price to launch to the moon.
March 27, 2021, 11:08:37 PM
Keep in mind that as price goes higher and higher more and more people are going to be willing to sell. Maybe not as these prices however consider if BTC goes to $100K. From most posts and comments it seems people will either sell all their bitcoin at $100K or they will start to scale out some positions at those prices.
Another thing to consider is that right now people are extremel greedy and don't want to sell. However lets say BTC starts to crash and breaks $20K and breaks $10K, obviously at those times people will get fearful and sell their BTC hence supply will go up. At that time the demand will be lower and hence price will keep going lower and lower.
This is what happened pretty much in 2017 cycle. Nobody wanted to sell at $20K but everybody sold between $3-6K when it broke November support.
Another thing to consider is that right now people are extremel greedy and don't want to sell. However lets say BTC starts to crash and breaks $20K and breaks $10K, obviously at those times people will get fearful and sell their BTC hence supply will go up. At that time the demand will be lower and hence price will keep going lower and lower.
This is what happened pretty much in 2017 cycle. Nobody wanted to sell at $20K but everybody sold between $3-6K when it broke November support.
March 27, 2021, 06:59:11 PM
As expected but is there a person that's ready to buy those high number of Bitcoin price?
After all the last Bitcoin to be dig will occur in 100 years from now. So people will have to buy from those who are selling and of course, if the demand is strong then there will be an increase of price. But I really wonder if someone is willing to dump good money for a few Satoshi in the future? Those who keeps holding Bitcoin will make the market price to launch to the moon.
After all the last Bitcoin to be dig will occur in 100 years from now. So people will have to buy from those who are selling and of course, if the demand is strong then there will be an increase of price. But I really wonder if someone is willing to dump good money for a few Satoshi in the future? Those who keeps holding Bitcoin will make the market price to launch to the moon.
March 27, 2021, 06:30:05 PM
That's very true now that everyone is looking at bitcoin and this will probably increase people's interest in the crypto market which might make the price go even higher, and with the limited bitcoin supply it might impact altcoins as well, now it's undeniable how much interest in bitcoin was very big during this bullrun, especially yesterday bitcoin made a very high new ATH, and made a lot of people even more interested in investing in it.
March 27, 2021, 06:20:29 PM
That's true, the limited number of coins is what gives a nice value to it. And this is because the market is unlimited. So, with all those zeros after the point is even possible to see 1 satoshi at $1 in the next 100 years.
And is really interesting how some coins decide to have no limit of coins, a good example of this is dogecoin. And that's one of the reasons why that coin is so cheap.
So, with and unlimited market with infinite money to inject the only limit is the moon.
And is really interesting how some coins decide to have no limit of coins, a good example of this is dogecoin. And that's one of the reasons why that coin is so cheap.
So, with and unlimited market with infinite money to inject the only limit is the moon.
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