429: WARNING: BITCOIN SUPPLY CRISIS HIGHLY UNDERRATED AND EXTREMELY BULLISH!! SEC TARGETS RIPPLE XRP!!

Crypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News

English - December 22, 2020 16:57 - 20 minutes - 19.9 MB - ★★★★ - 537 ratings
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Previous Episode: 428: BITCOIN RISE TO $1 MILLION POSSIBLE THIS CYCLE, ACCORDING TO CRYPTO ANALYST WILLY WOO!!

Next Episode: 430: IN 2021 BITCOIN COULD HIT $1M SUPERCYCLE OR BETWEEN $100K-$250K IN A NORMAL CYCLE!! XRP DELISTING!!

WARNING: Bitcoin supply crisis is very real!!!

On-chain analyst and chief technology officer at Glassnode, Rafael Schultze-Kraft, says investors are underestimating just how much demand for BTC is outstripping supply.

Rafael Schultze-Kraft points to the number of Bitcoin addresses that have never spent funds and the amount of BTC that’s presumably lost, estimating they account for 5.7 million BTC that’s unlikely to ever be sold.

In total, the analyst says the blockchain intelligence provider’s data shows the vast majority of BTC is held by illiquid entities, and miners that hold large amounts of Bitcoin do not appear interested in selling.

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