Unprecedented Scarcity Is Fueling My Bitcoin Buying Spree
As an investment proposition, one of Bitcoin's (CRYPTO: BTC) primary appeals lies in its ability to preserve wealth over the long term. While this perception of Bitcoin is evolving, there is no denying that its capped supply of 21 million coins makes it an ideal store of value.
Yet when diving a little deeper, it becomes clear that Bitcoin will likely provide more benefits to holders than only being a store of value and could instead provide significant price appreciation. With the cryptocurrency's price already up almost 400% in the last five years, developing dynamics in Bitcoin's supply and demand could send its price to levels not seen before.
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Source Fool.com
