“You know it's time to sell when shoeshine boys give […]
Everybody Wants a Piece ($BTC)
January 26, 2022
Bitcoin has a finite supply: only 21 million BTC will ever exist, and that amount must be split between everyone who wants a piece.
And everyone wants a piece.
LikeFolio data shows a high degree of desirability — Consumer demand for Bitcoin made a major leap higher last year and it has yet to pull back.
In fact, the 90-day average of Purchase Intent mentions is sitting at an all-time high level:
+18% QoQ and +94% YoY.
Although this trend doesn’t account for institutional investors, foreign consumers, criminals, and governments, it’s a solid bellwether of the underlying demand for the blockchain asset.