Will the price of Bitcoin not stop at $100k and continue to rise even higher due to dwindling supply?
In an interview with CNBC, Tom Lee (Founder of market research company Fundstrat Global Advisors) stated that the supply of Bitcoin in the OTC market is continuously decreasing while the demand is extremely strong.
Moreover, the supply of Bitcoin on exchanges has also been continuously decreasing since the beginning of the year. Both of these factors indicate that the demand for purchasing Bitcoin is extremely high, while the supply cannot meet it.
A simple economic formula that you can find in economics textbooks:
Decreasing supply + Increasing demand = Price increase
This is exactly what will happen in the near future.
