Bitcoin has a maximum of 21 million BTC. This fixed supply supports an ever-rising demand that continues to operate as a long-term bullish fundamental for the cryptocurrency. In May, the crypto was trading at about $39,000, with a sudden plunge to $29,000. June was when the crypto asset fluctuated its price between $19,000 and $20,000. November was when the BTC price dropped to the $16,000 level, and since then, the crypto has managed to rally on the back of better macroeconomic ties. The total value of crypto assets hit a peak of $2.8 trillion last November it's now below $1.3 trillion, according to CoinGecko. Surveys show that roughly 16% of adult Americans, or 40 million people, have invested in cryptocurrencies. Retirement account giant Fidelity Investments now offers crypto as a part of a 401k plan. Sen. Cory Booker, D-New Jersey, has repeatedly pointed out that crypto is particularly popular among Black Americans, a community long distrustful of Wall Street.
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