paint-brush
4 Reasons Why Bitcoin Will Breach $250k Despite The Black Friday Saleby@benhodlin
798 reads
798 reads

4 Reasons Why Bitcoin Will Breach $250k Despite The Black Friday Sale

by Ben Knaus 5mDecember 5th, 2021
Read on Terminal Reader
Read this story w/o Javascript
tldt arrow

Too Long; Didn't Read

Bitcoin has a market cap of over 10 Trillion USD compared to gold. Bitcoin's inflation rate over time gets cut in half every four years and has a capped supply at 21Million Coins. Bitcoin is accessible to almost everyone and can be fractionalized into 100 Million pieces called Satoshis (Satoshis) Bitcoin has higher rate of adoption and network effect than cell phones and the internet over their first 12 years of inception. Bitcoin hit over 1 Trillion in 12 years; while US tech giants like Facebook, Amazon, Apple, Netflix all took up to 20 years to reach that point. 90% + of millennials chose Bitcoin over gold as a store of value.

People Mentioned

Mention Thumbnail
Mention Thumbnail

Companies Mentioned

Mention Thumbnail
Mention Thumbnail

Coin Mentioned

Mention Thumbnail
featured image - 4 Reasons Why Bitcoin Will Breach $250k Despite The Black Friday Sale
Ben Knaus  HackerNoon profile picture
Ben Knaus

Ben Knaus

@benhodlin

Member of Forbes Technology Council, Cointelegraph

About @benhodlin
LEARN MORE ABOUT @BENHODLIN'S
EXPERTISE AND PLACE ON THE INTERNET.
L O A D I N G
. . . comments & more!

About Author

Ben Knaus  HackerNoon profile picture
Ben Knaus @benhodlin
Member of Forbes Technology Council, Cointelegraph

TOPICS

THIS ARTICLE WAS FEATURED IN...

Permanent on Arweave
Read on Terminal Reader
Read this story in a terminal
 Terminal
Read this story w/o Javascript
Read this story w/o Javascript
 Lite
Newsbreak
Lurkmore
0x0
Fdn
Koyu
Poast
Nitter