Bitcoin does not just have a pioneering function and is almost symbolic of the entire crypto market, says Emden. “Bitcoin also shows deflationary traits,” he says. “And that’s what investors look for in times of inflation.” In fact, the supply of Bitcoin is limited. The Bitcoin protocol limits the amount of digital coins to just under 21 million. Around 18.9 million of these have currently been mined. This artificial shortage makes the coin valuable from the point of view of crypto advocates. For investors, the Bitcoin is above all a store of value and an investment object.
Whether Bitcoin, Ether or Cardano: Most analysts agree that prices can be expected to rise in the long term – regardless of different areas of application and character traits. When it comes to Bitcoin, some – including the major US bank Goldman Sachs – even expect the price to rise to $ 100,000.
