"There are a myriad of reasons as to why investors continue to flock back to the "original" cryptocurrency. The world's largest token, with a market capitalization that's currently around $1.9 trillion, Bitcoin's status as a safe haven asset and an investing vehicle that allows those willing to keep some capital outside the traditional banking system to do so has driven a great deal of its long-term demand from holders."
"With the vast majority of Bitcoin tokens held in cold storage (off centralized or decentralized exchanges), only a fraction of the Bitcoin in circulation currently changes hands on a daily basis. And with a capped supply of 21 million tokens (with around 20 million Bitcoin currently circulating), there won't be much more Bitcoin created over time (more than 95% of all the Bitcoin that will exist currently exists today)."
Bitcoin is the largest cryptocurrency by market capitalization, around $1.9 trillion, and serves as a safe-haven asset and a way to hold capital outside the traditional banking system. Most Bitcoin is held in cold storage, so only a fraction of circulating coins change hands daily. The supply is capped at 21 million tokens, with about 20 million currently circulating, meaning over 95% of eventual supply already exists. Bitcoin's value derives largely from investor demand rather than cash flows, supporting a core bullish thesis that could push prices higher if global investable capital expands.
Read at 24/7 Wall St.
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