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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.
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Bitcoin could reach $250,000 in 2025.
Bitcoin could reach $250,000 in 2025.
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The analyst and cryptocurrency 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 several factors, such as more active accumulation by institutional investors or the reluctance of holders to sell their holdings.
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Bitcoin has a fixed total supply of 21 million BTC units, 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 in its reserves, this company, which entered the Nasdaq 100 list this week, 🤔
