Why Institutional Demand for Bitcoin Exceeds Mining Supply in 2024
Institutional investors are buying Bitcoin faster than miners can produce it in 2024, despite price drops and extreme market fear.
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Institutional investors are buying Bitcoin faster than miners can produce it in 2024, despite price drops and extreme market fear.
Institutions are buying 13% more Bitcoin than miners produce for the first time since November, despite ETF outflows exceeding $600 million and a market seeking a bottom.
Strategy holds 671,268 Bitcoin valued at $58.61 billion, with CEO Phong Lee stating no sales until 2065. Pompliano says it's unlikely any public company will match this.
Explore the five key factors that could influence Bitcoin's price this week and understand potential market outcomes for BTC investors.