Cryptocurrency analysts have long maintained that Bitcoin is a deflationary asset whose limited supply will drive its price to historic highs. The recently released Global Liquidity Chart by the Bitcoin Strategy Platform is a testament to the positive outlook of Bitcoin as it shows that the price of the asset is expected to surpass the $100k mark following the halving event coming up in 2021.

The halving mechanism further drives up the sentiments as it cuts the rate of new coins going into circulation — a move which historically has been seen to drive up the price of Cryptocurrency. The fact that the M2 money stock of the top ten largest economies is nearly above $100 trillion is likely to put more downward pressure on fiat currency, making way for the inevitable rise of Bitcoin. Recent developments in the cryptocurrency world are a testament to the emergence of Bitcoin as the most dominant asset of the century. After crossing the $29K price point earlier this week, crypto experts have continued to urge investors to buy low on time as Bitcoin is likely to reach a historic high after the fourth halving event takes place next year. The recently added Global Liquidity Chart on the Bitcoin Strategy Platform not only provides a comprehensive view of the amount and flow of fiat currency, but it also indicates a positive outlook for Bitcoin — and the entire crypto space — as the price is expected to exceed the $100k mark after the halving.



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