There’s about 60 days until the #Bitcoin supply goes from 900 —> 450 BTC daily.
That is about 40 trading days.
Assuming the ETFs continue to suck up $500M worth of BTC daily, we’re looking at ~ $20 Billion more to be deployed.
That is 400,000 BTC. 🤯
Discussion
that's a lot of 🌽
400,000 BTC at today's prices.
The price will not remain static against increasing demand though.
By the time the halving occurs, many sellers will be exhausted.
Will $ demand continue as price exponentially increases though?
Demand will increase and the price increases. It’s one of the many things that makes bitcoin special.
The really special thing about Bitcoin is that new supply can't increase with the increasing price & demand.
Any increase in supply has to come largely from the existing supply.
We've never had a commodity with a completely inelastic supply. Things get really exciting as this reality becomes apparent to the market & FOMO starts kicking in.
It will be interesting to see how the fiat system responds. Do they pause the ETFs as volatility starts peaking or let it play out like it's a free market?
