Demand is driving the price of Bitcoin to $130K By Cointelegraph
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In any market, whether it is fruit and vegetables or financial assets, prices are determined by the intersection of supply and demand.
If tomatoes are scarce due to a flood, with the same demand, the price in the supermarket will inevitably be higher — just as it will be higher if, with the same supply, twice as many people want to buy tomatoes.
Daniele Bernardi is the founder of Diaman, a group dedicated to the development of profitable investment strategies. He is also the chairman of Investors’ Magazine Italia SRL and Diaman Tech SRL, and is the CEO of asset management firm Diaman Partners. In addition, he is the manager of a crypto hedge fund. He is the author of The Genesis of Crypto Assets, a book about crypto assets. He was recognized as an “inventor” by the European Patent Office for his European and Russian patents related to the mobile payments field.
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© Reuters
In any market, whether it is fruit and vegetables or financial assets, prices are determined by the intersection of supply and demand.
If tomatoes are scarce due to a flood, with the same demand, the price in the supermarket will inevitably be higher — just as it will be higher if, with the same supply, twice as many people want to buy tomatoes.
Daniele Bernardi is the founder of Diaman, a group dedicated to the development of profitable investment strategies. He is also the chairman of Investors’ Magazine Italia SRL and Diaman Tech SRL, and is the CEO of asset management firm Diaman Partners. In addition, he is the manager of a crypto hedge fund. He is the author of The Genesis of Crypto Assets, a book about crypto assets. He was recognized as an “inventor” by the European Patent Office for his European and Russian patents related to the mobile payments field.
Continue Reading on Coin Telegraph
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