Bitcoin’s Potential Surge to $200K Amidst Contracting Supply
- Bitcoin’s supply is deflationary, decreasing by 2.33% annually.
- Miners are expected to produce only 165,000 BTC this year.
- Strategy has purchased 379,800 BTC in the past six months.
- Total investment in Bitcoin ETFs has reached $6 billion.
- Michael Saylor’s Strategy holds 568,840 BTC worth $59.03 billion.
With a shrinking supply and increasing demand from entities like Strategy and Bitcoin ETFs, Bitcoin is projected to reach $200K by the end of 2025, according to Matt Hougan of Bitwise.
Source (2.6)https://www.newsbtc.com/news/best-altcoins-to-buy-now-as-contracting-supply-set-to-push-bitcoin-past-200k-by-the-end-of-2025/?rand=52377
