Why does the price of Bitcoin keep rising? Two words, demand.
1. Supply and demand determine prices, which is the first principle of economics.
Things that are in short supply will rise in price. The total supply of Bitcoin is limited to 21 million, which is based on the mathematical principle of Bitcoin. You can think of them as 21 million mathematical solutions. The actual number is even less, because the loss of Bitcoin caused by loss can be as high as 17%~23%.
2. On the other hand, demand is increasing.
In 2008, there was a global financial crisis (Bitcoin was born that year), and in 2020, there was a global COVID-19 pandemic. In order to stimulate economic activities and consumption, countries began to print money overtime. My most intuitive feeling is that when I go to the vegetable market to buy vegetables, the money is getting less and less. More and more investors and institutions are starting to buy a lot of Bitcoin to prevent asset depreciation. During the US presidential campaign in November 2024, Donald Trump even expressed his support for cryptocurrencies, promising to make the United States a "global crypto capital" and proposing a plan to establish a national Bitcoin reserve.
3. In addition, Bitcoin has obvious advantages in cross-border payments.
Low handling fees. Cross-border payments of traditional currencies need to go through banks or payment platforms, and the handling fees are high, usually 3% to 10% of the remittance amount, while Bitcoin payments do not need to go through intermediaries. No matter how large the amount is, the handling fee is only 1 to 5 US dollars. Fast transactions. Cross-border payments of traditional currencies take at least 1 to 2 working days. If a transit bank or public holidays are involved, it will take longer, perhaps a week. Bitcoin does not need to go through intermediaries, and can complete transactions around the world in a few minutes, and is not restricted by public holidays and has no limit on the amount. Cross-border payments of traditional currencies have a limit on the amount. For example, in China, the annual limit for individuals is 50,000 US dollars, while there is no limit on the amount of payments with Bitcoin.
Bitcoin has other advantages, such as high transparency, good security, strong anti-censorship, good liquidity, and strong confidentiality. The above advantages have led to an increasing demand for Bitcoin. #2025加密趋势预测 $BTC
Legend! An old man’s cryptocurrency skyrockets by 10,000 times in a day! Surpassing a market value of 300 million dollars!
Unicorn Fart Dust, a meme coin with an absurd name, even more outrageous is that behind this project is a staunch gold and silver supporter, a typical 'Boomer' who originally scoffed at cryptocurrency. However, after personally launching $UFD, he set off a frenzy in the entire cryptocurrency market within just a few hours! The market value of UFD skyrocketed from obscurity to nearly 300 million dollars, becoming the new darling of the crypto circle!
A 54-year-old firm supporter of silver and gold, his distrust of the cryptocurrency market is evident. He believes meme coins are nothing but ethereal nonsense, so he launched this so-called Unicorn Fart Dust meme coin to see how much it’s really worth. The choice of 'Unicorn' is speculated to be related to a previous drawing by Musk for Tesla of a 'farting rainbow unicorn'. However, right after the project went live, this 'old man coin' rapidly stood out on social platforms, breaking the 80 million dollar mark in market value just hours after launch, and with the momentum from the community, the market cap surpassed 100 million dollars.
The 'old man coin', with its ironic culture, quickly captured market attention with its unique humor and contrast, successfully engaging investor emotions. For meme coins, being able to resonate with people is the key to success. UFD possesses precisely such qualities. It is not just a simple token, but a unique interpretation and satire of the cryptocurrency market. This satire and sense of humor allowed investors to find a bit of ease and fun amidst the tense investment atmosphere, making UFD stand out among numerous tokens.
Introduction to Meme: A meme is a cultural element that carries thoughts and symbols, spreading among people. Just like genes, the ability of memes to spread varies. The internet has introduced the concept of 'internet memes', which allows memes and cultural ideas to spread faster, usually in the form of images, videos, GIFs, and jokes. One study compared the spread of internet memes to diseases: 'memes spread in a viral pattern.'