Quote (Noun @ 8 Feb 2021 17:21)
Why is btc worth so much professor crunkt? Educate me
The infatuation the market has with Bitcoin is going to allow Vendors much easier access to processing Bitcoin payment systems using terminals. The expansion has not even begun to take hold and the availability of bitcoin to the end user is only going to get easier in the coming months/years. Think Bitcoin ATMs everywhere and POS terminals accepting your Bitcoin payment through your phone as a common payment method.
The demand for USD is decreasing across the world which is leading investors to target BTC as it allows them to Hedge against the decrease for demand. IF there becomes a correlation and more users change from investing in USD over to Bitcoin, that will only hasten the snowball in the evergrowing demand for BTC
Lastly, BTC is in a VERY unique market position as it is technically a currency itself that is being traded like a stock. In effect The Principles of asset trading and the principles of currency trading do not fully apply. BTC allows both markets to invest in with one product essentially allowing a greater scope of traders and overall interest to take shape, and this has no where near capped.