Crypto Update

Bitcoin’s Surge: Supply and Demand in Action

Bitcoin’s Surge: Supply and Demand in Action
By Vin Narayanan
Date January 7, 2021
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As I write this, bitcoin is trading around $38,300. That means investors that bought bitcoin at the previous market peak in late 2017/early 2018 are up 100%. And people that bought bitcoin at the beginning of 2020 are up about 432%. So why is bitcoin surging…
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