Some math to think about:

There are currently 900 Bitcoin entering the circulating supply every day, this will be cut in half to 450 in April 2024.

The spot Bitcoin ETF’s are averaging a little over $104,000,000 in inflows per day (including GBTC outflows). Let’s say for the sake of this example that all flows are converted to Bitcoin. If all flows are converted to Bitcoin, that means they are swooping up around 2,418 Bitcoin a day at the current price ($43,000).

I know flows will change over time and so will the Bitcoin price. But this is a consistent stream of capital being allocated to Bitcoin every day. This is also just one stream of capital!

My favorite metric when valuing Bitcoin is supply and demand. I see demand outpacing supply. Bullish!

#bitcoin #supply #demand