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Bitcoin’s price explosion and NFT boom explained – Muneeb Ali

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Bitcoin's price surge over the in 2015 has actually not primarily been driven by advancements within the blockchain market; rather, Bitcoin's very own fundamentals drive the rate rally, which in turn, bring about even more passion in the market stated Muneeb Ali, co-founder of Stacks.

" My functioning concept on this is that Bitcoin actually leads the crypto sector and within Bitcoin there's this idea called Bitcoin halvening, where Bitcoin ends up being much more limited every four years. Whenever that happens, some sort of market characteristics generally start where the rate of Bitcoin values," he said.

0:00 – Blockchain modern technology enhancements
3:54 – NFT
12:40 – DeFi and also Bitcoin cost
16:26 – Safety symbols
18:09 – Stacks
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Bitcoin's price explosion and NFT boom explained - Muneeb Ali

Bitcoin’s price surge over the last year has not primarily been driven by innovations within the blockchain industry; rather, Bitcoin’s own fundamentals drive the price rally, which in turn, lead to more interest in the industry said Muneeb Ali, co-founder of Stacks.

“My working theory on this is that Bitcoin actually leads the crypto industry and within Bitcoin there’s this concept called Bitcoin halvening, where Bitcoin becomes more scarce every four years. Whenever that happens, some sort of market dynamics basically kick in where the price of Bitcoin appreciates,” he said.

0:00 - Blockchain technology improvements
3:54 - NFT
12:40 - DeFi and Bitcoin price
16:26 - Security tokens
18:09 - Stacks
__________________________________________________________________
Kitco News is the world’s #1 source of metals market information. Our videos feature interviews with prominent industry figures to bring you market-affecting insights, with the goal of helping people make informed investment decisions.

Subscribe to our channel to stay up to date on the latest insights moving the metals markets.

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Disclaimer: Videos are not trading advice and the views expressed may not reflect those of Kitco Metals Inc.