Increasing demand for a limited offer

Some analysts have tried to predict the future price of cryptocurrency by comparing supply and demand for Bitcoin.

David Drake LDJ Capital So, in an interview with The Motley Fool, David Drake, founder of LDJ Capital, predicted that Bitcoin would reach $ 20,000 by 2018. This estimate is based primarily on the limited supply of Bitcoin .
Indeed, only a limited number of BTCs are "mined" each year, at a rate that we know, approximately, in advance. It is thus impossible to emit more corners than what was planned more than 9 years ago by Satoshi Nakamoto, the creator of this digital currency.
"There is a limited supply for Bitcoin, but at the same time the demand for digital currency is increasing," said Drake. "When such a phenomenon occurs, the price increases."
The total number of Bitcoins that may one day be available is limited to 21 million (16.74 million have already been issued). Moreover, the last Bitcoin should be mined in 2140, while the number of BTC granted to minors as a reward is halved about every 4 years.