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In his recent episode of The Money Matters Podcast, streamed live on 11 November 2024, Mallers didn't just hit the nail on the head; he used a sledgehammer. "Bitcoin is a solution, it is not a hedge," he proclaimed, with the kind of conviction you'd expect from someone who's just discovered tea and biscuits.
He pointed out the glaringly obvious—yet often overlooked—fact that Bitcoin is the only asset where increased demand doesn't lead to increased supply.
These are the reasons why BTC is the electronic money of the future! No doubt about it.
As such, Bitcoin claimed an all-time high as soon as Trump’s victory started to take shape, albeit before the final whistle was blown. On election day, BTC beat its previous March all-time high of $73,737 as it climbed to $74,504—and then kept climbing.
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Could this be because fiat is being debased at such a high rate that people will hodl rather than spend? Supply and demand still work on BTC, it is just that supply cannot increase.
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