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Stock impact report

Bitcoin's Fixed Supply Remains Its Biggest Demerit [Forbes]

Coinbase Global, Inc. - Class A (COIN) 
US:NASDAQ Investor Relations: convertedorganic.com
Company Research Source: Forbes
Bitcoin investors are expecting the U.S. Securities And Exchange Commission (SEC) to issue a decision soon on whether to grant Bitcoin "exchange-traded fund" (ETF) approval, which would allow people to invest in Bitcoin without having to buy it on a crypto exchange like Coinbase or Binance. The price of Bitcoin has risen in anticipation of such approval. (Photo illustration by Dan Kitwood/Getty Images) Getty Images Bitcoin “doesn't trade on fundamentals, but supply and demand.” The previous point was made in a recent column meant to explain the surging value of the most prominent crypto concept. In the same column penned by Giedre Valaviciute, he cited a response from an investor who's made millions on bitcoin. Asked why he put money into it, the multi-millionaire observed that “It's the only commodity in history that doesn't have a supply response to rising prices.” The responses from Valaviciute and the unnamed investor are some of the usual ones from those who own BTC, or w Show less Read more
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