Bitcoin’s Supply on Exchanges Could Run Out in Nine Months, With $BTC Set to Become Twice as Rare as Gold.. The flagship cryptocurrency Bitcoin ($BTC) could soon see a significant surge after the available supply on centralized cryptocurrency exchanges potentially runs out, while it’s set to become twice as rare as gold after its upcoming halving event.

According to a report published by popular cryptocurrency exchange Bybit, the upcoming halving event will potentially lead to a short squeeze as there are only nine months left before the total supply of Bitcoin on these centralized exchanges is depleted.

The report details that there are only 2 million BTC left on cryptocurrency exchanges and, assuming a daily inflow of $500 million from spot Bitcoin exchange-traded funds (ETFs), around 7,142 BTC will be leaving exchange reserves on a daily basis. It adds:......Bitcoin’s halving event will reduce the coinbase reward miners receive per block found, from 6.25 BTC to 3.125 BTC, effectively cutting in half the supply of newly minted Bitcoin entering the market.

Per Bybit’s report, Bitcoin’s stock-to-flow is currently around 56, while gold’s is 60. After the upcoming halving event, expected later this month, Bitcoin’s stock-to-flow ratio will double to 112.

As CryptoGlobe reported Julio Moreno, Head of Research at cryptocurrency analytics firm CryptoQuant, recently said demand for the flagship cryptocurrency “has become more important than supply” and, according to the firm’s data, demand for BTC from permanent holders has for the first time ever outpaced issuance. #Write2Earnhashtag