- Since BTC’s total token volume is capped at 21 million, the premier digital currency is immune to issues related to monetary inflation.
- Over the course of the past 6 months or so, Bitcoin’s value has risen from a dismal $3k to around $8.9k (at press time).
It's no secret that over the course of the past couple of months, currencies like Bitcoin, EOS, TRX have once again started to gain a lot of financial momentum. For example, since the start of the year, Bitcoin’s value has increased nearly threefold — with the flagship alt-asset currently hovering around the $8,880 mark.
A Closer Look at the Matter
As most of our regular readers are probably well aware of, one of the biggest advantages of using Bitcoin is its limited supply — which allows the asset to keep its inflation rate in check at all times. In all, there exist a total of 21-million BTC, with there being no scope of adding any more tokens to this number.
With all of this information out there, it should be pointed out that as per a recent statistical study conducted by a respected crypto research firm, Bitcoin recently scaled up to it's an all-time high in regards to wallet addresses containing a minimum of
New ATH 😱 (In addresses holding at least 0.1 BTC) pic.twitter.com/waXAptr40E
— nic carter (@nic__carter) May 27, 2019
The above-mentioned data directly alludes to the fact that more and more people are now beginning to make use of BTC as well as other crypto offerings available in the market today.
While the mainstream media at large continues to bash the crypto industry, premier altcoins such as TRX, XRP, BCH, BTC, ETH have been gaining more and more financial traction with each passing day. It now remains to be seen what the future has in store for this nascent industry.