Bitcoin may be rooted in blockchain technology, but it’s evolved into something much more than code. That’s why it’s not easy to replicate.
When demand from these two sources alone exceeds the entire supply of newly minted bitcoins, expect serious supply pressure to follow.
PayPal’s recent leap into the crypto market is helping to drive the current bitcoin rally, according to Pantera Capital.
Chinese miners are struggling to sell their crypto in ways that would quickly get them much-needed cash in the face of a government crackdown on local exchanges.