Grayscale Investments Research Head Warns of Bitcoin Supply Shortage Fueling Price Surge

Friday, 1 March 2024, 03:02

Grayscale Investments research head, Zach Pandl, discusses the demand/supply imbalance in the bitcoin market, with the surge in demand surpassing the daily supply generated by the network. The impending 'halving' event further exacerbates the supply shortage, leading to a price surge driven by natural supply/demand dynamics. Pandl's insights raise concerns about future supply constraints in the bitcoin market.
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Grayscale Investments Research Head Warns of Bitcoin Supply Shortage Fueling Price Surge

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.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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