HomeCoinsBitcoin (BTC)Supply Dynamics Show Rising Bitcoin Price

Supply Dynamics Show Rising Bitcoin Price

- Advertisement -


The below is from a recent edition of the Deep Dive, Bitcoin Magazine’s premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now.

We have been covering the bullish bitcoin supply dynamics extremely closely over the last few months, as we believe this to be the fundamental driver of price action in this market. The monetization process of bitcoin unfolds as adopters acquire bitcoin for a price that they believe to be undervalued and HODL until this is no longer believed to be true. This act reduces the free float or supply available on the market, and as additional participants also wish to hold the asset, less satoshis are able to go around. Simple supply and demand tells us that only one thing can occur: the price of bitcoin rises.

First published here

- Advertisement -
Mr Bitcointehttps://www.bitcointe.com/
“Fact You Need To Know About Cryptocurrency - The first Bitcoin purchase was for pizza.” ― Mohsin Jameel
462FansLike
76FollowersFollow
4,567FollowersFollow
5,261FollowersFollow
1,505FollowersFollow
2,230SubscribersSubscribe

Most Popular

bitcoin
Bitcoin (BTC) $ 60,975.00
ethereum
Ethereum (ETH) $ 3,961.07
tether
Tether (USDT) $ 0.998362
bitcoin-cash
Bitcoin Cash (BCH) $ 619.26
litecoin
Litecoin (LTC) $ 193.29
eos
EOS (EOS) $ 4.63
okb
OKB (OKB) $ 28.34
tezos
Tezos (XTZ) $ 6.68
leo-token
LEO Token (LEO) $ 3.37
cardano
Cardano (ADA) $ 2.15
monero
Monero (XMR) $ 268.96
stellar
Stellar (XLM) $ 0.370921
chainlink
Chainlink (LINK) $ 28.52
huobi-token
Huobi Token (HT) $ 10.15
tron
TRON (TRX) $ 0.09979
usd-coin
USD Coin (USDC) $ 0.998776
dash
Dash (DASH) $ 196.27
neo
NEO (NEO) $ 44.20
iota
IOTA (MIOTA) $ 1.33
nem
NEM (XEM) $ 0.174829
zcash
Zcash (ZEC) $ 160.16
maker
Maker (MKR) $ 2,538.71
paxos-standard
Pax Dollar (USDP) $ 0.999989
ethereum-classic
Ethereum Classic (ETC) $ 54.27
vechain
VeChain (VET) $ 0.13039
true-usd
TrueUSD (TUSD) $ 1.00
ftx-token
FTX Token (FTT) $ 63.33
kucoin-shares
KuCoin Token (KCS) $ 14.38
waves
Waves (WAVES) $ 27.84