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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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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.
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.