Crypto exchanges will run out of Bitcoin supply if this proposal comes true. Will TradFi buy all the Bitcoins in the crypto market?
CME is one of the largest commodity and stock exchanges in the world, many times CME has expressed public support for Bitcoin. Recently, CME Group sought opinions from major investors, as the group wanted to trade Bitcoin on a strictly regulated market.
Due to growing demand, CME Group has planned to offer Bitcoin Spot trading to its customers, as reported by the Financial Times. If the above plan is approved, CME needs to buy a very large amount of Bitcoin to store on its exchange.
Bitcoin supply on crypto exchanges will be seriously reduced, due to demand coming from TradFi with huge cash flows. Declining supply and sudden increase in demand is the formula that helps push Bitcoin prices up sharply.
It can be said that CME's plan is really very positive news and brings Bullish psychology to the community.
