Zoye
08/08 15:46
Institutional investors have snapped up over 545,000 BTC year-to-date, far exceeding the new supply of just 97,000 BTC mined so far. Notably, the demand is 5.6 times higher than the new Bitcoin supply, which is a huge imbalance driving the market momentum.
With a fixed cap of 21 million bitcoins, this growing demand depicts intense buying pressure from institutions, signaling strong confidence in Bitcoin’s scarcity and long-term value.
Companies like BlackRock and MicroStrategy are leading the buying spree, showing confidence in Bitcoin’s long-term value.
Samson Mow, CEO of JAN3, summed it up: “There’s not enough Bitcoin for everyone.
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