Does supply and demand even exist in Bitcoin?
Yes of course supply and demand does exist in bitcoin trading, this is because even crypto currencies obey the factors of production irrespective of other
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Blockchain Supply
According to the supply curve , there is a defined supply reduction rate over the next 100 years.
According to research , for this is the first of its kind in history to see everyone in the world trying to allocate their capital with predetermined supply planning for their entire life.
Blockchain Demand
As far as demand is concerned we are watching it evolve in real-time
When public companies started putting bitcoin on their balance sheet that was demand
When billionaires started buying it ….more demand
When countries started making it a national legal tender and giving every citizen $30 in bitcoin and make it a payment option at all businesses for all of it’s people- even more demand
And this is just the beginning of the demand side