Perfect Storm Brewing for Bitcoin Price Surge: Production Drops As Institutional Demand Spikes

Notable crypto analyst HODL15Capital released an insightful thread on X (Twitter) regarding the dwindling daily supply of new Bitcoin entering the market. He pointed out that as major Bitcoin mining companies hold more coins and daily production decreases, supply squeeze conditions could propel Bitcoin price higher.

“If all miners sold 100% of their coins, that 900 would be the new daily supply. Some miners, sell no coins (ie $MARA in January). In 65 days, the 900 drops to 450,” tweeted HODL15Capital.

He was referring to the 900 new bitcoins mined per day currently. However, some major mining companies like MARA have balanced their selling pressure in January. Additionally, in about two months, Bitcoin’s quadrennial halving will drop daily production to around 450.

At the same time, HODL15Capital revealed statistics on the aggressive Bitcoin accumulation happening amongst exchange-traded funds (ETFs) that received SEC approval in January 2024.

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“Number of #Bitcoin bought by the Big 4 ETFs each trading day Day 21 = 2/9/24 Only 900 $BTC are mined daily. If you sold any #Bitcoin in the last 30 days, these ETFs bought them & they will HODL it for years to come.”

His analysis leads to a compelling conclusion – with supply tightening from both decreasing production and rampant institutional accumulation, meanwhile demand continues growing rapidly, conditions are ripe for much higher Bitcoin prices by end of year. The next few months may see explosive upside in Bitcoin and the broader crypto market.

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Rene Peters
Rene Peters

Rene Peters is editor-in-chief of CaptainAltcoin and is responsible for editorial planning and business development. After his training as an accountant, he studied diplomacy and economics and held various positions in one of the management consultancies and in couple of digital marketing agencies. He is particularly interested in the long-term implications of blockchain technology for politics, society and the economy.