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

 2 years ago
source link: https://hackernoon.com/4-reasons-why-bitcoin-will-breach-dollar250k-despite-the-black-friday-sale
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4 Reasons Why Bitcoin Will Breach $250k Despite The Black Friday Sale

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.

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