TD₿: The Power of Bitcoin's Network Effect by NYDIG
TL;DR Bitcoin's network effect will drive its continued adoption as its supply remains fixed, creating upward price action in the process.
Hey Bitcoiners,
As Bitcoin taps ATHs once again this morning, it’s obvious that Bitcoin is capturing the mindshare of politicians, the media, wall street, and main street at a rapid pace.
4 years ago the thought of seeing Bitcoin being seriously discussed on Bloomberg or in Congress was crazy. Now it’s talked about almost daily and a Bitcoin ticker flies across the bottom of the screen with other established assets.
All of this is evidence of Bitcoin’s network effect continuing to grow as adoption spreads.
NYDIG wrote this report last year that does a great job of summarizing this topic (11/01/2020).
Just ask yourself, “Does demand for Bitcoin appear to be increasing or decreasing?”
Couple this with the fact that we know the supply is fixed and…🚀.
Tick tock next block,
Cory Klippsten
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Quote of the Day
“One does not adopt Bitcoin. It adopts us.” - Pieter Wuille, Engineer at Chaincode Labs
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