Bitcoin

James

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/bitcoin-prices-surge-due-to-supply-constraints" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin Prices Surge Due to Supply Constraints</a><br></p>
<p style="text-align: justify">In recent discussions surrounding <a href="https://en.bitcoinhaber.net/u-s-cuts-interest-rates-markets-react-positively" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin</a>‘s price surge, Jesse Myers, co-founder of Onramp Bitcoin, points to supply limitations as the primary driver rather than external political factors. Myers highlights that the reduction in Bitcoin’s supply following the halving event is a key element influencing the cryptocurrency’s value.</p>
<h2 style="text-align: justify" id="what-changes-occurred-during-the-halving">What Changes Occurred During the Halving?</h2>
<p style="text-align: justify">April’s halving event slashed Bitcoin’s block rewards from 6.25 <a href="https://en.bitcoinhaber.net/blackrock-alters-bitcoin-strategy-for-faster-access" data-wpel-link="internal" rel="noopener noreferrer nofollow">BTC</a> to 3.125 BTC, significantly tightening the supply. With a dwindling daily output of Bitcoin against a backdrop of rising demand, market dynamics have shifted considerably.</p>
<h2 style="text-align: justify" id="what-do-experts-say-about-current-market-trends">What Do Experts Say About Current Market Trends?</h2>
<p style="text-align: justify">Myers asserts that the six-month period post-halving has led to escalating effects of supply constraints. He warns that the imbalance between supply and demand may trigger not just a price increase, but possibly lead to a “mania and bubble.” On-chain expert James Check concurs, likening Bitcoin’s scarcity to that of gold, thus amplifying its potential for price appreciation.</p>
<p style="text-align: justify">Prominent financier Anthony Scaramucci has also expressed optimism, assuring that opportunities in the market are still abundant. He foresees the US potentially establishing a strategic Bitcoin reserve, which could set a precedent for other nations.</p>
<ul>
 <li>94% of Bitcoin supply has already been mined or lost.</li>
 <li>Approximately 1.2 million BTC remains available for production.</li>
 <li>Historical trends indicate that price increases typically follow halving events.</li>
</ul>
<p style="text-align: justify">The current market climate suggests that these supply constraints will continue to drive prices upward, reinforcing the importance of monitoring Bitcoin’s production and demand dynamics going forward.</p>
<h5><span style="font-weight:bold;font-size:16px">Continue Reading: </span> <a href="https://en.bitcoinhaber.net/bitcoin-prices-surge-due-to-supply-constraints" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin Prices Surge Due to Supply Constraints</a></h5>

Bitcoin Prices Surge Due to Supply Constraints

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