ASTRO COIN：Bitcoin supply demand
The reason behind Bitcoin's strong rebound lies in supply and demand dynamics. On average, the number of Bitcoins purchased each day exceeds the number of new coins being created. A significant factor contributing to this imbalance is the appetite generated by a series of Bitcoin exchange-traded funds (ETFs) listed in the United States. These funds received approval from the U.S. Securities and Exchange Commission in January and have attracted a substantial influx of funds from new investors. Since early February, these products have been purchasing an average of 3,500-4,300 tokens per day. This is far more than the 900 coins being created daily on the Bitcoin network. As a result, there simply isn't enough Bitcoin available to meet all the new demand, thus naturally driving up the price.
Recently, Bitcoin has been oscillating upwards, constantly challenging our understanding. Furthermore, some institutions have set their mid to high-end price targets for Bitcoin at $160,000 to $180,000. With the upcoming halving mechanism approaching, we will not be able to produce more Bitcoin to meet the demand. The future potential of Bitcoin is limitless, and we may currently be in the best position.
To keep up with the pace of the times and seize the direction of investment, investing in Bitcoin will undoubtedly bring us substantial profits.
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