Bitcoin? Not For Sale. — AAX Academy
Bitcoin is a scarce commodity, but such scarcity is only meaningful if there is demand. Bitcoin’s current bull run, which might turn out to be a super-bull rull given conditions around the world, is partially a consequence of what is being called a ‘crisis of liquidity’.
As there is not enough supply to meet the increasing demand, especially as new dollars are printed every day, we’ve seen strong daily moves, sometimes exceeding 10%.
The Bitcoin protocol was designed to only allow for the creation of 21 million Bitcoin. These coins are gradually released to the network in the form of rewards for miners who successfully validate block transactions — this happens roughly every ten minutes.