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December 19, 2024 - 11:32

A guru claims that the third major Bitcoin supply shock has begun and the price could reach $250,000 in 2025

A Bitcoin supply shock refers to a decrease in the amount of BTC available for sale in the market.

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Bitcoin could reach $250,000 in 2025.

Bitcoin could reach $250,000 in 2025.

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Cryptocurrency analyst and trader, Willy Woo, believes that the third major Bitcoin (BTC) supply shock has started. The previous two shocks preceded strong bullish trends in the price.

As explained by the portal Criptonoticias, a Bitcoin supply shock refers to a decrease in the amount of BTC available for sale in the market. This can be caused by various factors, such as more active accumulation by institutional investors or reluctance from hodlers to sell their holdings.

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Bitcoin has a fixed total supply of 21 million units of BTC, making it a scarce asset that cannot be issued indefinitely. A supply shock, therefore, intensifies this scarcity, as it reflects a reduction in the circulating amount of the currency available for sale.

According to Woo, companies are copying MicroStrategy's strategy, the software company famous for making recurring Bitcoin purchases as an investment. With 439,000 BTC 🚀