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**Bitwise CEO Says Bitcoin Scarcity Will Feel More Dramatic**
The price of Bitcoin (BTC), which would be roughly $1 million at current prices, is approaching the $100,000 mark once again. This dramatic increase has sparked heated debates among cryptocurrency enthusiasts and skeptics alike.
Bitcoin bulls argue that the price of the cryptocurrency will continue to rise due to its finite supply. However, others remain cautious, emphasizing the unpredictable nature of the market.
In a recent statement, Bitwise CEO, Hunter Hulsman, weighed in on the situation, stating that Bitcoin scarcity will “feel more dramatic” than previously thought.
“We believe that the price of Bitcoin will continue to rise due to its finite supply. The token’s limited availability is one of its most attractive features,” Hulsman emphasized.
The statement comes as a result of recent market fluctuations, which have led some analysts to reevaluate their predictions.
Source: u.today
