Close Menu
  • Coins
    • Bitcoin
    • Ethereum
    • Altcoins
    • NFT
  • Blockchain
  • DeFi
  • Metaverse
  • Regulation
  • Other
    • Exchanges
    • ICO
    • GameFi
    • Mining
    • Legal
  • MarketCap
What's Hot

Ethereum Price Prediction – ETH Price Estimated to Reach $ 2,670.62 By Jul 04, 2025

02/07/2025

Wall Street loves selling crypto treasury stocks

02/07/2025

Sen. Hagerty Suggests GENIUS Act Will ‘Extend Demand’ for US Treasuries

02/07/2025
Facebook X (Twitter) Instagram
  • Back to NBTC homepage
  • Privacy Policy
  • Contact
X (Twitter) Telegram Facebook LinkedIn RSS
NBTC News
  • Coins
    1. Bitcoin
    2. Ethereum
    3. Altcoins
    4. NFT
    5. View All

    Bitcoin Price Subdued as ‘Trump Always Chickens Out’ Backlash Looms

    02/07/2025

    Major Bitcoin Omega Tweet Published by Samson Mow as Bitcoin Surpasses $105,000

    02/07/2025

    Elon Musk Brings Up Bitcoin 1st Time in 3 Years – ‘Buckle Up,’ Influencer Says

    02/07/2025

    Hong Kong’s Reitar and VivoPower

    02/07/2025

    Ethereum Price Prediction – ETH Price Estimated to Reach $ 2,670.62 By Jul 04, 2025

    02/07/2025

    Polymarket Prediction Maintains a Bullish Outlook for Ethereum July Price

    02/07/2025

    ETH faces heavy volume wall range, rotation likley

    02/07/2025

    Ethereum (ETH) Price Prediction For July 2025

    02/07/2025

    Sen. Hagerty Suggests GENIUS Act Will ‘Extend Demand’ for US Treasuries

    02/07/2025

    IOTA Joins Government Strategies in Peru, Kenya, and the UK—Here’s Why

    02/07/2025

    Major TradFi Institutions to Pursue Tokenization Efforts on Solana

    02/07/2025

    Sonic SVM Announces Validator Program: Details

    02/07/2025

    Ubisoft Adds AI Agents to ‘Captain Laserhawk’ Game That Vote and Govern

    01/07/2025

    Donald Trump Made His New Move Concerning Memecoin TRUMP!

    01/07/2025

    Hela Labs Partners Arcane Vault to Redefine Multi-Chain NFT Network

    30/06/2025

    CryptoPunk and Azuki Lead Pack of Top NFT Sales in June 2025

    30/06/2025

    Ethereum Price Prediction – ETH Price Estimated to Reach $ 2,670.62 By Jul 04, 2025

    02/07/2025

    Wall Street loves selling crypto treasury stocks

    02/07/2025

    Sen. Hagerty Suggests GENIUS Act Will ‘Extend Demand’ for US Treasuries

    02/07/2025

    Kadena makes its play for Ethereum’s devs

    02/07/2025
  • Blockchain

    Kadena makes its play for Ethereum’s devs

    02/07/2025

    Spheron Taps 0G Labs to Build Scalable Backbone for On-Chain AI

    02/07/2025

    Bitget Wallet Launches Crypto-Linked Mastercard in Partnership with Immersve

    02/07/2025

    Datagram Unleashes Revolutionary AI Layer-1 Blockchain on Avalanche with $4M Boost

    02/07/2025

    Dinari and BitGo Partner to Bring Tokenized Equities and Crypto Together in a Single API Platform

    01/07/2025
  • DeFi

    Arbra Launches Tokenized Tech Investment via Colb

    02/07/2025

    Flare Launches 2.2B FLR Incentive Program to Boost FAssets and Institutional DeFi

    02/07/2025

    You Can Now Trade Stocks Like NVDA and MSTR on Solana: Here’s How It Works

    02/07/2025

    Solana and Ethereum See Capital Rebalancing in Q2 — Is MAGACOIN FINANCE the Breakout Alternative?

    01/07/2025

    Maple Finance, EtherFi Introduce ETH Restaking for Institutional Lending

    01/07/2025
  • Metaverse

    Microsoft’s AI Diagnoses Like House, Bills Like Costco

    02/07/2025

    Mark Zuckerberg Unveils New Meta AI Lab After Poaching OpenAI Talent

    01/07/2025

    Can China’s MiniMax-M1 AI Topple US Rivals? We Put It to the Test

    28/06/2025

    Meta and OpenAI Use of Copyrighted Books for Training AI Was Fair Use: Federal Judge

    26/06/2025

    How to Get Your Chatbot to Talk Dirty

    18/06/2025
  • Regulation

    Wall Street loves selling crypto treasury stocks

    02/07/2025

    What Happens to USDC Reserves If Circle Goes Bankrupt?

    02/07/2025

    Crypto ETF filings multiply ahead of SEC index fund decision

    02/07/2025

    Crypto Is Now Trump’s Second-Most Lucrative Source of Income

    01/07/2025

    Plasma’s $1B ICO Access Vault Sparks Familiar Backlash

    01/07/2025
  • Other
    1. Exchanges
    2. ICO
    3. GameFi
    4. Mining
    5. Legal
    6. View All

    Highly Confidential Details Leaked About X’s (Twitter) New Payment System ‘X Money’ – Are Cryptocurrencies Involved? Here’s What We Know

    02/07/2025

    Coinbase Custodies 81% of $140 Billion in Crypto Assets Held by US ETFs

    01/07/2025

    Bitcoin Exchange Binance Announced That It Will Fully Support This Altcoin’s Network Upgrade and Hard Fork Process! Here Are the Details

    01/07/2025

    User holdings drop for BTC and USDT

    01/07/2025

    ICO for bitcoin yield farming chain Corn screams we’re so back

    22/01/2025

    Why 2025 Will See the Comeback of the ICO

    26/12/2024

    Complete Guide to the Web3 Strategy Game

    02/07/2025

    MattleFun Integrates Adventure Layer’s Gaming L2 Solution to Power Advanced Web3 Gaming Experience

    01/07/2025

    What’s Next for ‘MapleStory Universe’? More Ways to Play

    01/07/2025

    The Biggest Games Releasing in July 2025

    29/06/2025

    Bitcoin Network Hashrate Declined in June as Miners Reacted to Recent Heatwave: JPMorgan

    01/07/2025

    Donald Trump Won’t Stop! Trump-Linked Company Makes Another Bitcoin (BTC) Move!

    01/07/2025

    Bitcoin Mining Companies’ Revenues Are Falling, But They’re Not Selling – What Does This Mean Historically?

    30/06/2025

    Why Did Bitcoin Hashrate Plummet After the U.S. Attacked Iran’s Nuclear Facility? Was Iran Mining Bitcoin? Here Are Estimates of Its Bitcoin Holdings

    29/06/2025

    US academic institutions urge SEC to implement stringent crypto staking rules, oversight

    30/06/2025

    Majority Whip Tom Emmer says House will vote on GENIUS stablecoin bill if paired with CLARITY Act

    30/06/2025

    Lost in Translation – A Look at Who Is Really Building a Korean Stablecoin

    30/06/2025

    House clears HB 1664, setting Commerce Department as lead federal blockchain coordinator

    30/06/2025

    Ethereum Price Prediction – ETH Price Estimated to Reach $ 2,670.62 By Jul 04, 2025

    02/07/2025

    Wall Street loves selling crypto treasury stocks

    02/07/2025

    Sen. Hagerty Suggests GENIUS Act Will ‘Extend Demand’ for US Treasuries

    02/07/2025

    Kadena makes its play for Ethereum’s devs

    02/07/2025
  • MarketCap
NBTC News
Home»Bitcoin»Oliver Velez backs Bitcoin, calls it a soon-to-be-rare asset
Bitcoin

Oliver Velez backs Bitcoin, calls it a soon-to-be-rare asset

NBTCBy NBTC03/10/2023No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email


Oliver Velez has backed the purchase of Bitcoin, represented with the symbol – BTC. Oliver hails from the trading backyard that spans 30 years, along with being an author. Oliver’s post on X, formerly Twitter, has stated that BTC will go rare by the end of next year, making it one of the highest-demanding assets in the world.

While the idea is interesting, the way it has been linked by Oliver is somewhat based on a vast assumption that everyone on the planet will hold BTC. The connection is with the world population, which currently stands at 8.1 billion. Velez has rounded this to a complete 8 billion figure. His pitch states that the BTC supply will never move past the mark of 21 million.

That brings the per-human token availability to just 0.00265 BTC, which is worth somewhat $67.73 if 1 BTC is $25,800. All a person has to do is shell out that money to remove BTC that could be owned by anyone else in the world.

What strengthens his statements is the fact that 77 million people are added to the world population on a yearly basis. Demand will only grow, said Oliver, adding that demand will diminish as the total supply will run out of the token.

BTC is trading at $25,978.40 at the time of drafting this article. The difference is not a wide margin, but it is way below the acceptable mark of $30,000. The community is expecting the future of Bitcoin to be greener than it is at the moment. Many experts earlier predicted that the token would be above the $100k mark by the end of this year. Or, it would at least inch closer to an all-time high value of $65k.

That is not happening with the current situation in mind. Also, the SEC is going about a lot of crypto ventures. Governments are working to recognize crypto as an acceptable token.

Simply put, the sentiments of the holders are noble, with no doubt of that. BTC is just not offering them any support to back those sentiments. Members are attempting to increase the purchase of the token so that there is trade happening on the network to kick the price upward. BTC could be a rare token for sure, but it is likely to take more time than anyone wants it to take.

Oliver’s pitch is in support of BTC, which is nice, but it is majorly based on the assumption that everyone will hold BTC in their wallet. Furthermore, he has assumed that BTC will be accepted plus recognized across the world by the next year.

The next generation sees potential in digital tokens. A lot still depends on how authorities perceive it in terms of cross-border exchange, volatility, and fund safety.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
NBTC

Related Posts

Bitcoin Price Subdued as ‘Trump Always Chickens Out’ Backlash Looms

02/07/2025

Major Bitcoin Omega Tweet Published by Samson Mow as Bitcoin Surpasses $105,000

02/07/2025

Elon Musk Brings Up Bitcoin 1st Time in 3 Years – ‘Buckle Up,’ Influencer Says

02/07/2025

Hong Kong’s Reitar and VivoPower

02/07/2025
Add A Comment

Comments are closed.

Top Posts
Get Informed

Subscribe to Updates

Get the latest news from NBTC regarding crypto, blockchains and web3 related topics.

Your source for the serious news. This website is crafted specifically to for crazy and hot cryptonews. Visit our main page for more tons of news.

We're social. Connect with us:

Facebook X (Twitter) LinkedIn RSS
Top Insights

Ethereum Price Prediction – ETH Price Estimated to Reach $ 2,670.62 By Jul 04, 2025

02/07/2025

Wall Street loves selling crypto treasury stocks

02/07/2025

Sen. Hagerty Suggests GENIUS Act Will ‘Extend Demand’ for US Treasuries

02/07/2025
Get Informed

Subscribe to Updates

Get the latest news from NBTC regarding crypto, blockchains and web3 related topics.

Type above and press Enter to search. Press Esc to cancel.