Head of Arca Funds: If bitcoin supply continues to halve, demand continues to rise and prices may rise

According to CoinDesk, bitcoin prices briefly fell below $8,000 on Thursday. David Nage, head of Arca Funds, a Los Angeles-based money management company, believes that the price of Bitcoin has been artificially limited before this adjustment. "Bitcoin has potential downside, and you can obviously see it as a buying potential." He believes that As an asset, Bitcoin is similar to future-oriented stocks such as Netflix and Amazon. “Our business is not a price forecast. If supply continues to halve, demand continues to rise, and classical economics shows price increases.”