Bybit estimates that approximately 7,142 Bitcoins will leave centralized exchanges' reserves daily post-halving.
Unprofitable Bitcoin miners may sell reserves to support their operations, further reducing supply.
Cryptocurrency exchanges have only nine months' supply of Bitcoin at current prices, with three days
left to Bitcoin halving. According to the latest analysis by Bybit, with just 2 million Bitcoins remaining and a daily inflow of $500 million to spot Bitcoin ETFs,
approximately 7,142 Bitcoins will exit exchange reserves daily.
Bitcoin Supply Hits Unprecedented Scarcity
The much-anticipated halving event, which reduces the
supply of Bitcoins by 50%, is expected to make the digital asset more scarce. Bybit
highlighted the rapid reduction of Bitcoin reserves across centralized
exchanges post-halving. This trend
indicates that it will take about nine months to exhaust all remaining
reserves.
Ben Joe, the Co-Founder and CEO of Bybit, mentioned:
"Each Bitcoin halving sharpens the narrative of Bitcoin as not just a
currency, but a scarce digital asset, akin to digital gold. This upcoming
halving in 2024 will thrust Bitcoin into an era of unprecedented scarcity,
making it twice as rare as gold."
The report differentiated between Bitcoin and gold,
emphasizing Bitcoin's increasing rarity post-halving. The Stock-to-Flow (S2F)
ratio, a measure of scarcity, is projected to double from 56 to 112 after the
upcoming halving, surpassing gold's S2F ratio of 60.
Institutional Adoption of Bitcoin
This comparison solidifies Bitcoin's status as a
scarce digital asset, positioning it as a viable alternative to traditional
safe havens like gold. Additionally, Bybit highlighted the adoption of
Bitcoin by institutional investors following the recent approval of spot Bitcoin ETFs in the US.
This trend indicates that institutions have recognized
the importance of the digital asset as a safe investment option. This has led to
heightened investment activity ahead of the halving. The correlation between Bitcoin and other
cryptocurrencies remains strong, further boosting Bitcoin's reputation.
Bitcoin's deflationary model is based on the halving event,
which occurs roughly every four years, Finance Magnates recently reported. This
mechanism halves the block reward, limiting the supply of the leading digital asset. As the upcoming halving approaches, reducing the block reward from
6.25 Bitcoins to 3.125 Bitcoins, historical trends suggest a potential surge in the price of Bitcoin.
Additionally, analysts anticipate a modest decrease in Bitcoin mining hashrate after the halving, attributed to current high profitability and
efficient mining equipment adoption. Despite short-term dips, the resilience of
the mining industry is expected to drive a swift rebound.
Meanwhile, the renowned author of "Rich Dad Poor Dad," Robert Kiyosaki, recently expressed optimism about Bitcoin reaching $100,000 by September due to concerns over global economic instability and debt issues. While market analysts project a potential surge in Bitcoin, concerns linger about selling pressure and potential price slumps during the halving period.
Cryptocurrency exchanges have only nine months' supply of Bitcoin at current prices, with three days
left to Bitcoin halving. According to the latest analysis by Bybit, with just 2 million Bitcoins remaining and a daily inflow of $500 million to spot Bitcoin ETFs,
approximately 7,142 Bitcoins will exit exchange reserves daily.
Bitcoin Supply Hits Unprecedented Scarcity
The much-anticipated halving event, which reduces the
supply of Bitcoins by 50%, is expected to make the digital asset more scarce. Bybit
highlighted the rapid reduction of Bitcoin reserves across centralized
exchanges post-halving. This trend
indicates that it will take about nine months to exhaust all remaining
reserves.
Ben Joe, the Co-Founder and CEO of Bybit, mentioned:
"Each Bitcoin halving sharpens the narrative of Bitcoin as not just a
currency, but a scarce digital asset, akin to digital gold. This upcoming
halving in 2024 will thrust Bitcoin into an era of unprecedented scarcity,
making it twice as rare as gold."
The report differentiated between Bitcoin and gold,
emphasizing Bitcoin's increasing rarity post-halving. The Stock-to-Flow (S2F)
ratio, a measure of scarcity, is projected to double from 56 to 112 after the
upcoming halving, surpassing gold's S2F ratio of 60.
Institutional Adoption of Bitcoin
This comparison solidifies Bitcoin's status as a
scarce digital asset, positioning it as a viable alternative to traditional
safe havens like gold. Additionally, Bybit highlighted the adoption of
Bitcoin by institutional investors following the recent approval of spot Bitcoin ETFs in the US.
This trend indicates that institutions have recognized
the importance of the digital asset as a safe investment option. This has led to
heightened investment activity ahead of the halving. The correlation between Bitcoin and other
cryptocurrencies remains strong, further boosting Bitcoin's reputation.
Bitcoin's deflationary model is based on the halving event,
which occurs roughly every four years, Finance Magnates recently reported. This
mechanism halves the block reward, limiting the supply of the leading digital asset. As the upcoming halving approaches, reducing the block reward from
6.25 Bitcoins to 3.125 Bitcoins, historical trends suggest a potential surge in the price of Bitcoin.
Additionally, analysts anticipate a modest decrease in Bitcoin mining hashrate after the halving, attributed to current high profitability and
efficient mining equipment adoption. Despite short-term dips, the resilience of
the mining industry is expected to drive a swift rebound.
Meanwhile, the renowned author of "Rich Dad Poor Dad," Robert Kiyosaki, recently expressed optimism about Bitcoin reaching $100,000 by September due to concerns over global economic instability and debt issues. While market analysts project a potential surge in Bitcoin, concerns linger about selling pressure and potential price slumps during the halving period.
Will Bitcoin Reach 100K? Experts Share BTC Price Prediction for 2024
Finance Magnates Annual Awards 2024 | FM Awards 2024 Highlights
Finance Magnates Annual Awards 2024 | FM Awards 2024 Highlights
π₯Catch the best moments from the Finance Magnates Annual Awards Gala Dinner!
An evening where top names in finance came together to celebrate achievements, enjoy live music, and connect over a memorable dinner. Watch the highlights and feel the energy of our first gala in Cyprus!
Congratulations to all the winners for their dedication to excellence and leadership in the financial industry, including XM, Trading PRO, FP Markets, Deriv, FxPro, LATAM, Headway, ATFX, FBS, AMEGA, EC Markets, Axi
For more information about the 1st Finance Magnates Annual Awards, visit https://bit.ly/3Zb7wNz
#FinanceMagnatesGala #IndustryExcellence #GalaHighlights #FinanceMagnatesAnnualAwards #FinanceMagnatesAwards #CelebratingSuccess #FinanceCommunity
π₯Catch the best moments from the Finance Magnates Annual Awards Gala Dinner!
An evening where top names in finance came together to celebrate achievements, enjoy live music, and connect over a memorable dinner. Watch the highlights and feel the energy of our first gala in Cyprus!
Congratulations to all the winners for their dedication to excellence and leadership in the financial industry, including XM, Trading PRO, FP Markets, Deriv, FxPro, LATAM, Headway, ATFX, FBS, AMEGA, EC Markets, Axi
For more information about the 1st Finance Magnates Annual Awards, visit https://bit.ly/3Zb7wNz
#FinanceMagnatesGala #IndustryExcellence #GalaHighlights #FinanceMagnatesAnnualAwards #FinanceMagnatesAwards #CelebratingSuccess #FinanceCommunity
FMLS:24 | Shaping the Next Era of Financial Evolution
FMLS:24 | Shaping the Next Era of Financial Evolution
Welcome to FMLS:24 β the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
Whether youβre in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.
π Don't miss out β secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo
#fmls #fmls24 #fmevents #financemagnates #forex #payments #crypto #events #london #fintech #ai #generativeai #technology #onlinetrading #forex #investing #investors #tech
π£ Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
π LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Welcome to FMLS:24 β the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
Whether youβre in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.
π Don't miss out β secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo
#fmls #fmls24 #fmevents #financemagnates #forex #payments #crypto #events #london #fintech #ai #generativeai #technology #onlinetrading #forex #investing #investors #tech
π£ Stay updated with the latest in finance and trading!
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π LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
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π¦ Twitter: https://twitter.com/F_M_events
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
FMLS:24 | Shaping the Next Era of Financial Evolution
FMLS:24 | Shaping the Next Era of Financial Evolution
Welcome to FMLS:24 β the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
Whether youβre in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.
π Don't miss out β secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo
#fmls #fmls24 #fmevents #financemagnates #forex #payments #crypto #events #london #fintech #ai #generativeai #technology #onlinetrading #forex #investing #investors #tech
π£ Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
π LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
π Facebook: https://www.facebook.com/FinanceMagnatesEvents
πΈ Instagram: https://www.instagram.com/fmevents_official
π¦ Twitter: https://twitter.com/F_M_events
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βΆοΈ YouTube: https://www.youtube.com/@FinanceMagnates_official
Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Welcome to FMLS:24 β the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
Whether youβre in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.
π Don't miss out β secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo
#fmls #fmls24 #fmevents #financemagnates #forex #payments #crypto #events #london #fintech #ai #generativeai #technology #onlinetrading #forex #investing #investors #tech
π£ Stay updated with the latest in finance and trading!
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π LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
FM's Andrea Badiola Mateos at LSEG's Cyprus event
FM's Andrea Badiola Mateos at LSEG's Cyprus event
FM's Andrea Badiola Mateos at speaking in a panel discussion at LSEG's Cyprus event
FM's Andrea Badiola Mateos at speaking in a panel discussion at LSEG's Cyprus event
The Role of PAMM, MAM & Copy Trading in Business Growth Strategies | Webinar
The Role of PAMM, MAM & Copy Trading in Business Growth Strategies | Webinar
The copy trading market is projected to double in size, growing from $2.2 billion to $4 billion by the end of this decade. In light of this, brokers and financial institutions are increasingly adopting PAMM, MAM, and Copy Trading solutions to scale operations and drive profitability. In this insightful webinar, Sergey Ryzhavin, Product Owner at B2COPY, outlines the advanced features of the B2COPY platform, showcasing how it enhances Copy Trading, PAMM, and MAM performance. Sergey also explores strategies for using these tools to attract new clients, improve customer engagement, and create additional revenue streams.
π£ Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
π LinkedIn: https://www.linkedin.com/company/financemagnates/
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The copy trading market is projected to double in size, growing from $2.2 billion to $4 billion by the end of this decade. In light of this, brokers and financial institutions are increasingly adopting PAMM, MAM, and Copy Trading solutions to scale operations and drive profitability. In this insightful webinar, Sergey Ryzhavin, Product Owner at B2COPY, outlines the advanced features of the B2COPY platform, showcasing how it enhances Copy Trading, PAMM, and MAM performance. Sergey also explores strategies for using these tools to attract new clients, improve customer engagement, and create additional revenue streams.
π£ Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
π LinkedIn: https://www.linkedin.com/company/financemagnates/
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