"As Long as Fiat Currency Is Issued, Bitcoin's Rise Is Inevitable"
Son Min
Summary
- PlanB cryptoasset analyst said that if fiat currency continues to be issued, Bitcoin will inevitably rise.
- He said that Bitcoin's value is closely related to scarcity.
- He reported that the U.S. M2 money supply reached 22.2 trillion dollars, an all-time high.
A claim has emerged that the price of Bitcoin (BTC) cannot help but rise.
On the 24th(local time), PlanB cryptoasset(cryptocurrency) analyst said on X(formerly Twitter), "If fiat currency continues to be issued, Bitcoin will inevitably rise," saying, "Bitcoin's value is closely tied to scarcity."
Meanwhile, according to Cointelegraph, the current U.S. M2 money supply stands at 22.2 trillion dollars, marking an all-time high.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
