NGU
The term has been thrown around since early 2017 as Bitcoin entered its 3rd pull run, and the price started to run into absurd amounts in fiat unit prices. As the price captured a lot more attention, so did many normies questioning how Bitcoin could be valued at multiple thousands of dollars per coin.
Now many Bitcoin educators would focus on the supply crunch from the halving cycle and the growing onboarding, but these concepts are pretty hard to distil into one tweet. Hence the oversimplification number go up or NGU.
Each halving cycle (every four years) brings the supply and, in theory, would drive up the price even if demand remains constant. This is why many Bitcoiners believe in its NGU technology which is baked into the protocal.
The simple answer is:
- Numbers go up IS GOOD.
- Numbers go down is bad.
Share with a friend
If you thought this information was helpful why not share it on your favourite social media network and encourage others to learn more about Bitcoin
The latest news from our blog
Why Your Ledger Nano S Won’t Work with Your iPhone
If you’re a Bitcoin holder using an iPhone and own a Ledger Nano S and Ledger Live, you’ve likely discovered a frustrating reality: these popular
What Are Liquidity Pools On Rootstock?
The decentralised finance (DeFi) space has primarily remained in the hands of altcoin chains, promoters claim to have brought innovative financial instruments to the broader
The Stablecoin Lifeline
Why Altchains Will Survive Despite Native Token Devaluation The altcoin landscape has changed compared to previous cycles, despite many a bag holder still clinging onto