Bitcoin price volatility seems unending. BTC was below $67,000 while writing this article. Volatile movements also reflect on spot Bitcoin ETFs. One day sees significant inflows, another sees outflows. Price instability likely makes spot Bitcoin ETF investors pessimistic. We observed such pessimism yesterday. Let’s look at the details.
Read the full article here:
https://en.coin-turk.com/investors-withdraw-funds-from-spot-bitcoin-etfs/ Bitcoin's future hinges on its fixed supply of 21 million coins, with 1.5 million yet to be mined by 2140. This scarcity underpins its deflationary nature, crucial for valuation. Halving events, where mining rewards halve every four years, slow supply growth, expected to cease by 2140. Historically, each halving spurs price spikes; 2012 saw Bitcoin soar from $12 to $1,000, and 2020's halving drove prices above $60,000. Institutional adoption, economic uncertainty, tech advancements, and clearer regulations are key demand drivers, pointing to a lucrative path to Bitcoin's deflationary apex and heightened value.
