From what I am reading, miners are currently mining 900 BTC per day, while the ETF is sucking up about 10,000 BTC per day-demand is currently higher than new supply. At the halving, miner output will drop to 450 BTC per day- making demand even further outpace new supply.
Eventually, OTC and BTC available to trade from indevidual traders will run low, thus driving up the price of BTC through supply>demand.
As the price of BTC goes up, the amount of BTC being sucked up by the ETF will lower (since the volume of BTC being bought drops due to being more expensive).
Is this an accurate summarization of what is coming up?
I am not well versed in BTC, but it appears to me that ETF demand is quite strong (and it was only just released). I'm not sure how much of the supply is supported by miners sellign newly mined coins, but surely 900 BTC per day turning to 450 BTC per day is going to have an impact?
Or are there so many tens of millions of BTC already available that the newly mined supply doesnt really matter?
Please help me understand.
Also, discuss this topic here, so we can all learn .
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