Categories: EducationFAQ

Is The Bitcoin Price Being Suppressed Right Now?

Most people are well aware of how Bitcoin is subject to a free market principle, where the supply and demand are provided by miners, investors, and digital currency owners. However, there is also no denying the Bitcoin price seems relatively suppressed most of the time, giving how few coins there are in existence at any given time. It is hard to prove some parties are actively suppressing the price, but it is certainly within the realm of possibilities.

Also read: Checking The Bitcoin Price On Your Apple Watch

Supply, Demand, Pump, And Bitcoin Price Suppression

Various factors should influence the Bitcoin price in a positive manner at this time. First of all, the number of coins in circulation is rather limited, with less than 16 million BTC to go around for the entire world’s population. That in its own right should be enough to give the Bitcoin price a higher valuation.

But there is more, as there are a lot of people who are not looking to part ways with their bitcoins just yet. Some people see this digital currency as an investment vehicle, whereas others make their entire living based on Bitcoin. Converting as little funds to fiat currency at any given time is in everybody’s best interest, as it could lead to bigger financial gains and reduce the limited supply on the markets even more.

Moreover, Bitcoin has become a payment method for a wide variety of things, both in the online and offline world. Unlike most other digital currencies, Bitcoin has use cases in the reality, although the number is still on the small side. For a financial ecosystem that has only been around for just over seven years, significant progress has been made, though.

Related Post

While all of that is fine and dandy, the Bitcoin price is not going up all that much in recent months. Although a sudden volatility eruption such as the one in 2013 should be avoided at all costs, a slow and steady Bitcoin price increase would be something everybody can agree with in the long run.

One of the possible reasons why this is not happening right now is due to potential Bitcoin price suppression by wealthy individuals or groups of traders. Pushing the Bitcoin price down is in their best interest, as it allows them to accumulate more coins. Unfortunately, it is impossible to prove whether or not this is the case, nor can we completely ignore this possibility either.

Source: Reddit

Images credit 1,2

If you liked this article follow us on Twitter @themerklenews and make sure to subscribe to our newsletter to receive the latest bitcoin and altcoin price analysis and the latest cryptocurrency news.

JP Buntinx

JP Buntinx is a FinTech and Bitcoin enthusiast living in Belgium. His passion for finance and technology made him one of the world's leading freelance Bitcoin writers, and he aims to achieve the same level of respect in the FinTech sector.

Share
Published by
JP Buntinx

Recent Posts

Best Crypto Presale To Buy Now: Rollblock Delivers For Holders With New License, Record Sign Ups and 7000+ Games

Rollblock is quickly becoming the best crypto presale to buy, delivering unmatched value for its…

3 hours ago

Polkadot And Uniswap Gearing For Post-Christmas Jump As Rollblock Raises $7.4 Million in Presale

While Rollblock's continues its crypto presale, with its value increasing regularly, Polkadot (DOT) and Uniswap…

4 hours ago

IntelMarkets (INTL) Receives Massive Demand From Chainlink And SUI Investors Looking To Position For The Best Bull Run Gains

As the cryptocurrency market gears up for a bull run, IntelMarkets (INTL) is attracting significant…

4 hours ago

FOMO Selling Trigger $1 Billion Liquidations as LINK & SOL Bleed Heavily; What to Do Next?

In the past, Chainlink (LINK) and Solana (SOL) have been among the most discussed altcoins…

9 hours ago

Qubetics $7.4M Presale Revolutionises Blockchain as Bitcoin and Chainlink Drive Innovation: Best Cryptos to Buy for 2025

The crypto market is abuzz with excitement as 2025 approaches. While Bitcoin continues to dominate…

15 hours ago

Best Altcoins to Buy Today: Why Qubetics’ Presale Could Be the Best Investment Opportunity of 2024

The cryptocurrency market never sleeps, and every day feels like an adventure. From household names…

21 hours ago