Is the End of Bitcoin Near?
Too Long; Didn't Read
Bitcoin (BTC) reached $64,000 in April 2021, surpassing the $1 trillion mark in market valuation. BTC's price has dropped to roughly $37,000 as of June 1st, 2021. BTC is limited to 21 million units, with 18.7 million currently in circulation. The supply of BTC will become scarcer due to the second BTC halving, scheduled for 2024. A supply deficit is expected to be followed by a price increase, as was the case during the 2021 bull run.