Bitcoin (BTC) may be becoming a true digital unicorn 🦄. According to the latest analyses, the available supply of BTC on exchanges is plummeting 📉, and this could trigger a spectacular price increase 💥.
🔐 Fewer BTC in circulation
According to a report from Sygnum Bank, the "liquid" supply of Bitcoin has dropped by 30% in just 18 months. Why? Because more and more institutions are buying BTC to hold it off exchanges, particularly through spot ETFs approved in early 2024 📊.
🏦 Exchange reserves are depleting
We have gone from 3.27 million BTC stored on exchanges in 2021 to only 2.68 million in October 2024. And this trend is only accelerating since the arrival of ETFs, which absorb a massive amount of BTC every day 🧲.
⛏️ The halving has reduced new supply
The April 2024 halving has halved mining rewards, from 6.25 to 3.125 BTC per block ⛏️💎. Result: fewer new bitcoins in circulation as demand explodes 🚀.
📦 Towards a stockout?
According to Bybit, we could see a real shortage of BTC in markets over the next nine months. Some analysts even compare this growing scarcity to that of gold... or even to an even rarer version of the precious metal 🪙➡️💎.
🌍 An increasingly strategic asset
With such dynamics, Bitcoin is now also attracting states that see it as a strategic store of value. The idea? Diversify national reserves in the face of global economic uncertainty 🌐🏛️.
📚 To go further:
Bitcoin for Dummies – ideal for beginners 🧠
The Elegance of Bitcoin – a more philosophical read 📘
Bitcoin, Understanding and Investing – for curious investors 💼
The cryptocurrency market – an overview of the sector 📊
📝 Sources: Journalducoin.com
