Bitcoin News
By Evie Vavasseur
1 / 10
Bitcoin (BTC), the world's largest cryptocurrency by market capitalization, is facing a unique supply challenge.
2 / 10
The report outlines Bitcoin's total supply distribution, which highlights the growing scarcity of the asset. Apart from individual holders, approximately 7.
3 / 10
This distribution means that institutions and large entities, such as corporations, hedge funds, and government agencies, must acquire Bitcoin from individual holders.
4 / 10
As Bitcoin adoption continues to rise, scarcity is becoming more apparent. A major factor in the growing sense of urgency is the fact that only 5.
5 / 10
This scarcity of Bitcoin on OTC markets is creating a potential for a supply shock. In January alone, Bitcoin exchange-traded funds (ETFs) collectively purchased 50,000 BTC, yet…
6 / 10
One prominent example of institutional buying is MicroStrategy, which has continued its aggressive Bitcoin acquisition strategy.
7 / 10
Additionally, institutional investment firm BlackRock has also added to the demand. BlackRock reportedly bought $1 billion worth of BTC in January and continues to acquire…
8 / 10
The tightening of Bitcoin supply is becoming even more pronounced as the cryptocurrency's adoption continues to grow at an accelerating pace.
9 / 10
Brian Armstrong, CEO of Coinbase, also weighed in on the potential for continued Bitcoin adoption.
10 / 10
As the supply of Bitcoin continues to tighten and institutional demand grows, the cryptocurrency could face a major supply shock.
The Currency Analytics
Want the full story?