In the short term, the daily emission will be approximately $40 to $50 million, experts from Bitfinex believe. And in a few months, it will reach $30 million, which will be facilitated by the departure of a number of companies engaged in cryptocurrency mining from the market and the increased costs of BTC mining for small miners.
Thus, cryptocurrency exchange analysts calculated that, taking into account the average daily influx of funds into spot Bitcoin ETFs ($150 million), the demand for the asset will exceed supply many times over.
In addition, Bitfinex representatives note, miners will be forced to reduce bitcoin sales in order to replenish coin reserves. Before the halving, many companies sold part of their BTC to upgrade their equipment, and are now planning to restore their balances.
Bitfinex specialists also drew attention to the fact that a number of investors are transferring assets under direct management, withdrawing them from exchanges, which will also affect the price of digital gold:
“The data says: the outflow of bitcoins from exchanges is reaching highs not seen since January 2023. Many investors are moving their assets into cold storage in anticipation of rising prices.”
Earlier, representatives of the QCP Capital fund stated that limiting the supply of Bitcoin will lead to stabilization of the cost of the first cryptocurrency in the short and medium term.
Source: Bits
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