In the early days of Bitcoin, there were no exchanges to facilitate trading, making it difficult to value the digital asset. It took several years before its price rose above $1, but by the end of 2012, its price was expanding exponentially. 2013 was the year Bitcoin saw its first explosion, initially heading above $100 and then upwards of $1,000. 🔥 $60.5M USD value "I am more certain about the future of crypto than ever." – Read @cz_binance's recap of the last 3 years, and plans for the future. ⬇️ — Binance (@binance) July 18, 2020. Largest Binance Coin Burn To Date and During the 3yr Binance Anniversary “Bitcoin could hit $1 – $3 million in the next five years. People have no idea what it will look like when large banks and countries start holding Bitcoin in their treasury,” he said. He also made sure to highlight Bitcoin’s scarcity as a key element that will attract more institutional players and continue to drive the value of BTC. They, in theory, should retain their value over the long term due to their relative scarcity and low flow. What’s more, it’s very difficult to significantly increase their supply within a short period of time. According to the advocates of the Stock to Flow model, Bitcoin is a similar resource. It’s scarce, relatively costly to produce, and its maximum supply is capped at 21 million ... During a recent interview, Michael Novogratz, CEO of Galaxy Digital Holdings, shared his views on why he doesn’t see Bitcoin being used as a currency in the next 5 years.. As a proponent of the store of value narrative for Bitcoin, Novogratz highlighted a few key reasons why he believes the price of Bitcoin will rise significantly over the next few years. How BNB will compare to Bitcoin performance-wise in the years to come, is not easy to predict. While Binance buys back and burns BNB every so often, they have to sustain growth in different ways compared to Bitcoin. Image(s): Shutterstock.com. The post Binance Coin Slightly Outperforms Bitcoin in Year-over-year Growth appeared first on The ...
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