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Finance
Bitcoin
December 19, 2024 - 11:32
A guru claims that the third major supply shock of Bitcoin has begun, and the price could reach $250,000 in 2025.
A supply shock of Bitcoin refers to a decrease in the amount of BTC available for sale in the market.
Bitcoin pierced $100,000 and has already lost $12,000 from its record.
El Salvador limits its trade with Bitcoin to achieve an agreement with the IMF for $1.4 billion.
Bitcoin could reach $250,000 in 2025.
Bitcoin could reach $250,000 in 2025.
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The cryptocurrency analyst and trader, Willy Woo, considered that the third major supply shock of Bitcoin (BTC) has begun. The two previous shocks preceded strong bullish trends in the price.
As explained by the portal Criptonoticias, a supply shock of Bitcoin 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 the reluctance of holders to sell their holdings.
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