BTC Demand Expected to Surge 5-Fold Post-Halving, Says Bitfinex

IconCrypto News Terminal23 Apr, 2024

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BTC Demand Expected to Surge 5-Fold Post-Halving, Says Bitfinex

According to Coindesk, Bitfinex predicts BTC demand could outpace supply by 5x after the upcoming halving. They assert that the daily BTC supply could drop to $30-50 million post-halving, while the daily volume of BTC spot ETFs is around $150 million. This imbalance, coupled with investors moving crypto to cold wallets and new buyers absorbing selling pressure, is likely to drive up demand. Previously on 23rd April 2024, Bitfinex predicted that demand for BTC after the Bitcoin halving could be 5 times more than the supply.