Bitcoin's price explosion and NFT boom explained

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Published Mar 29, 2021

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
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