Grayscale Investments Research Head Warns of Bitcoin Supply Shortage Fueling Price Surge
Friday, 1 March 2024, 03:02
Grayscale Research on Bitcoin Supply
Numbers cited reveal a significant demand/supply imbalance in the bitcoin market.
Daily Purchase Volume
- Average of 3,500-4,300 coins purchased daily by US-listed bitcoin exchange-traded funds since February.
- Contrasted with 900 new coins daily generated by the bitcoin network.
Grayscale Investments research head Zach Pandl highlights the scarcity issue, pointing to the upcoming 'halving' event as a potential catalyst for further supply constraints.
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