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You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-demand-outstrips-supply-as-halving-approaches/" data-wpel-link="internal">Bitcoin Demand Outstrips Supply as Halving Approaches</a> 
Famous cryptocurrency analyst Willy Woo‘s latest analysis indicates that despite recent selling pressure, the demand/supply dynamics for <a href="https://coin-turk.com/400-milyon-dolarlik-servete-sahip-isimden-bitcoin-etfleri-icin-kafa-karistiran-yorum-cok-zor" data-wpel-link="internal">Bitcoin</a> (BTC) are largely in favor of the world’s largest cryptocurrency. According to Woo’s analysis, the daily <a href="https://en.coin-turk.com/reasons-behind-bitcoins-recent-decline-and-future-outlook/" data-wpel-link="internal">Bitcoin</a> demand has already risen to 13 times the daily miner production. Experienced cryptocurrency analyst MacronautBTC predicts a rise for the largest cryptocurrency that could reach and even exceed $270,000 due to these demand/supply dynamics. 
<h2 style="text-align: justify" id="strong-bitcoin-halving-to-support-market-dynamics-strong">Bitcoin Halving to Support Market Dynamics</h2> 
According to Woo’s findings, while the Bitcoin network sees a significant inflow of about $607 million in new investor demand per day, there is a relatively modest increase of $46 million per day from the new supply of mined BTCs. This situation reveals the profound impact on the price dynamics of the largest cryptocurrency, especially with only 60 days left until the Bitcoin block reward halving, which will reduce the new supply pressure by 50 percent. 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-318514" src="https://coin-turk.com/wp-content/uploads/2024/02/Bitcoin-BTC-Blok-Odulu-Yarilanmasi.jpeg" alt="" width="2316" height="1624"> 
The upcoming Bitcoin block reward halving is expected to fundamentally change the demand/supply dynamics of the largest cryptocurrency. As the new supply of Bitcoin entering circulation decreases and demand continues to rise, analysts are forecasting a sharp upward movement in BTC’s price. 
<h2 style="text-align: justify" id="strong-the-273-000-scenario-strong">The $273,000 Scenario</h2> 
Anonymous cryptocurrency analyst MacronautBTC presented an intriguing analysis of potential price movements following the block reward halving, pointing to a conservative scenario where daily demand for Bitcoin significantly outstrips new supply. 
MacronautBTC’s analysis is based on the idea that daily Bitcoin demand could reach $607 million after the block reward halving, while the daily new supply could lag significantly behind at $23 million. The analyst expects a significant increase in Bitcoin’s market value based on this imbalance, calculated over 250 trading days in a year. According to his calculations, this could lead to an additional market value of $1.46 trillion, potentially bringing BTC’s price up to $123,000. 
MacronautBTC also used a conservative “multiplier” approach suggested by Willy Woo, which points to a potential threefold increase in Bitcoin’s market value based on US dollar inflow. Combining this multiplier with the projected additional market value, the analyst indicated that a total market value of $5.38 trillion could be reached within a year. This would mean that Bitcoin’s price could rise up to $273,000. 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-demand-outstrips-supply-as-halving-approaches/" data-wpel-link="internal">Bitcoin Demand Outstrips Supply as Halving Approaches</a></h5>

Bitcoin Demand Outstrips Supply as Halving Approaches

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