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How so? Prices aren't set by the amount of BTC in the wild. A currency has no inherent demand. No btc holder can offer any more btc for goods than before.
by jayd16 5y ago
How so? Prices aren't set by the amount of BTC in the wild. A currency has no inherent demand. No btc holder can offer any more btc for goods than before.
- GaylordTuring 5y agoPrices are set by the order books, including how many that are willing to sell and to what price. If a large amount of coins are removed from the market, and the buying pressure stays the same, that will lead to higher prices.
- jayd16 5y agoIf they weren't being sold then, again, the amount available to buy is unchanged.