Following the recent Bitcoin halving, the daily supply has decreased significantly while ETFs are buying large amounts of Bitcoin. Bitfinex estimates that post-halving demand for Bitcoin will be 5 times greater than the supply, potentially leading to price rallies.
Sources
CoinDesk
$BTC's post-halving average daily supply is likely to be five times less than demand, setting the stage for price rallies, according to Bitfinex. https://t.co/QXMT3fQJIg
Bitfinex “#Bitcoin’s recent mining reward halving has altered the market dynamics, potentially causing demand to be five times greater than supply.” - #Bitfinex Alpha https://t.co/oJiHl61lqX
*Walter Bloomberg ❖ BITCOIN'S POST-HALVING DEMAND TO BE 5X GREATER THAN SUPPLY, BITFINEX ESTIMATES Bitcoin's recent mining reward halving has altered the market in such a way that it could potentially lead to cryptocurrency's demand being five times greater than that of supply, according to the…
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