📊 10xResearch claims that demand, not supply, drives the price of Bitcoin
10xResearch has challenged the common belief that the price of Bitcoin is primarily influenced by changes in its mining supply. According to their analysis, demand is the true driver, and each of Bitcoin's five bull markets has been driven by innovations in how investors acquire the cryptocurrency. These innovations include everything from the early spot trading platforms to Bitcoin ETFs and options on these ETFs, reflecting the growing integration of Bitcoin into traditional financial markets.
What role will financial innovations play in the future of Bitcoin's price? 🤔
