Corporate Demand Absorbs Majority of BTC: Supply Tighter than Realized, Reveals Bitwise
CryptoNewsTerminal Staff05 Sep, 2024
Corporate Demand Absorbs Majority of BTC: Supply Tighter than Realized, Reveals Bitwise
Bitwise's research head, André Dragosch, discovered that "Corporations are taking in the vast majority of the 164,000 BTC mined annually. The key takeaway is that demand from ETFs, governments, exchanges, and DeFi or smart contract businesses is cumulative. As a result, the BTC supply is much tighter than people understand.
