Quick Definition

NgU, or “Number Go Up,” refers to the observation of Bitcoin’s price increasing over time due to its limited supply and growing demand.

Key Takeaways

• NgU is based on Bitcoin’s fixed supply of 21 million coins.
• It contrasts with the decreasing purchasing power of fiat money.
• The term is used in discussions about Bitcoin’s long-term trends.

In-Depth Explanation

NgU describes the tendency for Bitcoin’s price to rise in fiat terms over extended periods. This occurs because Bitcoin has a capped supply, with new issuance reduced by halvings every four years. Demand increases as more people adopt Bitcoin. Unlike fiat currencies, which can be printed without limit, Bitcoin’s design supports value appreciation.