VanEck report: scarcity could be major factor in future Bitcoin bull market

According to The Daily Hodl, investment management company VanEck released a report on the status of Bitcoin (BTC). The report states that Bitcoin and cryptocurrencies outperform gold in several key areas, including portability, severability, tradability, and programmability. A small bitcoin allocation may improve the upside of the portfolio. According to the report, scarcity may be the main factor leading to the future bitcoin bull market. It points out Bitcoin's Stock-to-Flow ratio, which divides the total supply of assets by the annual production volume as an indicator of BTC price It could rise to $ 80,000 by 2021.