Essentially NgU stands for Number Go Up. It is oversimplifying the scarcity function that is built into the protocol. More here on the scarcity element of bitcoin. Once every four year cycle, the Bitcoin halving event reduces the supply, and theoretically, the price should increase even if demand remains at a similar level. The well-known line among the community is that Bitcoin has inherent NgU technology built in the protocol, that on a macro time frame, price will follow an upward trajectory… NgU
Although the term NgU can be thrown into the meme category, here are some more comments around the underlying savings technology by some great leaders in the community.
Stephan Livera goes into more detail in this podcast with prominent Bitcoiners Saifedean Ammous and Pierre Rochard
Plan B highlights the macro NgU path in the chart below.
Interesting NgU fact from Wicked regarding the 200 week moving average.
So as much as it can be a meme, NgU has underlying elements of scarcity regarding supply and demand. Bitcoin continues to strengthen as a mainstream investment asset and a staple for superannuation portfolios of the future.
