Bitcoin

April

James

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/experts-identify-factors-driving-bitcoin-price-surge/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Experts Identify Factors Driving Bitcoin Price Surge</a><br></p>
<p style="text-align: justify">Following Donald Trump’s electoral victory, his influence is not seen as the primary reason for Bitcoin’s recent price increase. According to Jesse Myers, co-founder of Onramp Bitcoin , this surge is attributed to a contraction in Bitcoin’s supply, specifically linked to the post-halving supply shock.</p>
<h2 style="text-align: justify" id="halving-and-supply-restriction">Halving and Supply Restriction</h2>
<p style="text-align: justify">The halving event that occurred in April reduced Bitcoin’s block rewards from 6.25 BTC to 3.125 BTC. This reduction results in a more limited supply as block rewards decrease. While the network produces less Bitcoin each day, demand continues to grow.</p>
<h2 style="text-align: justify" id="expert-opinions">Expert Opinions</h2>
<p style="text-align: justify">Myers believes that the significant development occurs after six months post-halving. The effects of the supply constraint are accumulating, and current prices indicate that this limited supply is not meeting demand. Myers stated that due to this supply-demand imbalance, prices will rise, potentially leading to a “mania and bubble.” He emphasized, “The price increase will lead to mania and a bubble.”</p>
<p style="text-align: justify">On-chain analyst James Check also notes that Bitcoin’s supply is as scarce as gold. Check highlights that Bitcoin’s limited nature significantly enhances its potential for price increase due to this scarcity.</p>
<h2 style="text-align: justify" id="market-expectations">Market Expectations</h2>
<p style="text-align: justify">American financier Anthony Scaramucci reassures investors by saying, “It’s not too late; you haven’t missed the opportunity.” Scaramucci predicts that the U.S. may establish a strategic Bitcoin reserve, anticipating that other countries will follow suit.</p>
<p style="text-align: justify">Currently, 94% of Bitcoin in circulation has either been mined or lost. Only about 1.2 million BTC can still be mined, and this limited supply emphasizes the upward pressure on prices. Historical trends during previous halving periods indicate that the effects of this constrained supply and demand pressure are likely to persist in the future.</p>
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Experts Identify Factors Driving Bitcoin Price Surge

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