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bitcoin ¡Demand increases and supply decreases in the Bitcoin!
Obliv0n posted a topic in Crypto World
It is no secret that today the adoption of Bitcoin has increased faster than the system can support, therefore the supply has been limited due to institutional purchases, which monopolize the newly mined coins, leaving the exchanges with a low supply compared to past years. This can be the basis for an outbreak that involves a rebound in the price of Bitcoin, since the less supply is in the market, the greater the demand and therefore the profits will increase. This could be interpreted as a possible "bubble", but for now it is inevitable. What's your opinion about it? Is institutional adoption a bad thing for individuals or in the long run is it better for them to dictate how the market works?- 58 replies
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2020 is coming to an end and corporations in the united states went into a Bitcoin buying spree during the summer. This led to new companies entering Bitcoin as holders and others increasing their Bitcoin treasuries. The top three companies holding Bitcoin right now are Microstrategy (Michael Saylor), Galaxy Digital (Michael Novogratz) and Square (Jack Dorsey). In terms of legal funds Grayscale leads with 546.544 BTC held in their vaults right now. The institutional interest in Bitcoin is very high and everyone expects for a glorious 2021. The full list is here: https://bitcointreasuries.org/
