Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

Alchemy Pay and Story Partner to simplify Fiat OnRamps for IP blockchain users

2025-05-22

.Sonic is now on Sonic!

2025-05-22

Bitcoin is getting high all time without a hefoma-is $ 120k next?

2025-05-22
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
Facebook X (Twitter) Instagram
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain

    Alchemy Pay and Story Partner to simplify Fiat OnRamps for IP blockchain users

    2025-05-22

    Sophon reveals ZKTLS-based social oracle to integrate private web2 data

    2025-05-22

    Solana to get a big design prevention

    2025-05-22

    World3 Powers AI-driven Governance on-Chain with Quack AI

    2025-05-22

    Validation Cloud implements AI -Engine on Hedera

    2025-05-22
  • NFT

    Hashrate Hackers introduces Ordinals NFT collections supported by Bitcoin Hashrate

    2025-05-22

    FIFA starts Avalanche L1 to Power Soccer NFT Collectibles Platform

    2025-05-22

    Guild of Guardians leads with a huge volume of $ 796.62k

    2025-05-20

    Solana Meme Coin Ponke Set to release assembly objects, clothing via Jcorp Spinout

    2025-05-19

    The most popular collections of the moment on blockchain

    2025-05-18
  • Metaverse

    Shib: The Metaverse – Part of the expanding Shiba Inu ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Human Digital Life

    2024-12-13

    Exploring NetVRk: What’s Behind This AI-Powered Virtual Universe?

    2024-10-28

    Council of Europe emphasizes the impact of Metaverse on privacy and democracy

    2024-09-05
  • Analysis

    XRP price consolidates before the launch – is an outbreak on the horizon?

    2025-05-22

    Strategy tries to pick up $ 2.1 billion from the supply of STRF shares to strengthen its bitcoin holdings

    2025-05-22

    Solana (SOL) strives higher with strong copper support, next stop $ 200?

    2025-05-22

    Bitcoin price reaches new all time above $ 111,000

    2025-05-22

    Analyst predicts huge Bitcoin outburst based on one gold graph, sees the Altcoin market following

    2025-05-22
  • Learn

    What Is a DEX (Decentralized Exchange)?

    2025-05-21

    Blockchain Explained: What It Is, How It Works and Why We Need It

    2025-05-21

    Types of Blockchain Layers Explained: Layer 0, Layer 1, Layer 2 and Layer 3

    2025-05-16

    Token vs. Coin: Key Differences You Must Know as a Beginner

    2025-05-15

    Inside Changelly: 10 years of steadfast support and compliance

    2025-05-15
  • Blog
  • Contact
    • Tech7685@gmail.com
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Bitcoin»Bitcoin Demand Outpaces Miners’ Supply by 1,300%, Why a Push to $237,000 Is Possible
Bitcoin

Bitcoin Demand Outpaces Miners’ Supply by 1,300%, Why a Push to $237,000 Is Possible

2024-02-23No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

Like the Bitcoin halving closer, there is so much optimism about what could happen to Bitcoin’s price in the aftermath of this event. This optimism is further reinforced by a recent development that shows how The question of Bitcoin far exceeds his offering, which is the flagship crypto token as high as $237,000.

Demand for Bitcoin significantly exceeds demand

Crypto analyst Willy Woo listed in an X (formerly Twitter) after that the Bitcoin network receives an average of $607 million in new investor demand every day. On the other hand, this demand would be met by a supply of only $46 million per day in terms of Bitcoin mined. This development is more important considering that the Halving is fast approaching.

This is when Bitcoin miners are rewards cut in halfThis acts as a deflationary measure and reduces the rate at which more BTC enters circulation. This also offers a bullish story, as the already insufficient supply will decrease further after the halving. Once that happens, Bitcoin is expected to become more valuable and more price increases are on the way.

Industry expert Anthony Pompliano also emphasized this phenomenon when he noted how institutional investors were gobbling up BTC almost 13x faster than its production rate. He added that the flagship crypto token would undoubtedly see a new all-time high (ATH) if this trend continues.

This institutional demand for BTC is mainly driven by the Spot Bitcoin ETFs, which were approved in January. Due to the impressive demand for these funds, fund issuers such as BlackRock have continued to accumulate a significant portion of BTC supply on a daily basis. Interestingly enough, these Bitcoin ETFs were reported to own 3.3% of Bitcoin’s circulating supply earlier this month.

See also  Crypto Analyst Says an Ethereum-Based Altcoin Provides a Bearish Signal and Updates Outlook for Bitcoin

Bitcoin’s Way to $237,000

In response to Willy Woo’s post, crypto analyst MacronautBTC made a “conservative” calculation of how Bitcoin’s price could rise to $237,000. Using a multiplier of 3x the dollar currently in the Bitcoin ecosystemthe analyst said Bitcoin could see an additional market cap of 4.38 trillion.

Then he added the 4.38 trillion Bitcoin’s current market capitalization of 1 trillion, which amounts to a market capitalization of 5.38 trillion. This potentially brings Bitcoin’s price to $273,000 (a year from now, according to MacronautBTC’s calculations).

The analyst also highlighted how this price level coincides with predictions from notable Bitcoin bulls. One of them is Tim Draper, who recently declared that BTC will reach $250,000 by 2025.

At the time of writing, Bitcoin is trading around $50,900, down almost 2% in the past 24 hours. facts from CoinMarketCap.

Bitcoin price chart from Tradingview.com

BTC price sits above $51,200 | Source: BTCUSD on Tradingview.com

Featured image from CNBC, chart from Tradingview.com

Disclaimer: The article is for educational purposes only. It does not represent NewsBTC’s views on buying, selling or holding investments and of course investing involves risks. You are advised to conduct your own research before making any investment decisions. Use the information on this website entirely at your own risk.

Source link

Bitcoin Demand miners Outpaces Push Supply
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Bitcoin is getting high all time without a hefoma-is $ 120k next?

2025-05-22

Hashrate Hackers introduces Ordinals NFT collections supported by Bitcoin Hashrate

2025-05-22

Bitcoin knew $ 110k -but will this’ only -all ‘rally’ only without retailing?

2025-05-22

Strategy tries to pick up $ 2.1 billion from the supply of STRF shares to strengthen its bitcoin holdings

2025-05-22
Add A Comment

Comments are closed.

Top Posts

Bitcoin Whales Collect $600 Million BTC in 7 Days – What’s Next?

2023-11-01

Tidal wave of institutional capital hits crypto markets again as sentiment improves: CoinShares

2023-06-26

The Mumbai Metaverse: Bridging Technology and Urban Development

2024-02-19
Editors Picks

LayerZero’s wstETH bridge implementation draws Lido DAO ire

2023-10-29

Hacker steals 4 MAYC NFTs with less than $15

2023-07-20

Crypto analyst breaks down Bitcoin (BTC), Chainlink (LINK), and one top XRP rival

2023-07-22

Immutable Emerges as the Fastest Growing Blockchain Gaming Ecosystem of 2024

2024-11-17
About
About

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

Alchemy Pay and Story Partner to simplify Fiat OnRamps for IP blockchain users

.Sonic is now on Sonic!

Bitcoin is getting high all time without a hefoma-is $ 120k next?

Get Informed

Subscribe to Updates

Get the latest news and Update from Free.cc about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
© 2025 Free.cc - All rights reserved. Contact: info@free.cc

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$111,086.612.57%
  • ethereumEthereum(ETH)$2,639.435.03%
  • tetherTether USDt(USDT)$1.00-0.08%
  • rippleXRP(XRP)$2.421.40%
  • binancecoinBNB(BNB)$680.471.32%
  • solanaSolana(SOL)$178.104.68%
  • usd-coinUSDC(USDC)$1.000.00%
  • dogecoinDogecoin(DOGE)$0.2390774.02%
  • cardanoCardano(ADA)$0.804.98%
  • tronTRON(TRX)$0.2748233.04%
  • suiSui(SUI)$3.81-1.99%
  • chainlinkChainlink(LINK)$16.594.01%
  • hyperliquidHyperliquid(HYPE)$32.5617.59%
  • avalanche-2Avalanche(AVAX)$24.919.43%
  • stellarStellar(XLM)$0.3009453.55%
  • shiba-inuShiba Inu(SHIB)$0.0000152.84%
  • bitcoin-cashBitcoin Cash(BCH)$435.157.38%
  • hedera-hashgraphHedera(HBAR)$0.2030382.93%
  • unus-sed-leoUNUS SED LEO(LEO)$8.910.98%
  • the-open-networkToncoin(TON)$3.151.76%
  • polkadotPolkadot(DOT)$4.893.24%
  • litecoinLitecoin(LTC)$99.332.84%
  • moneroMonero(XMR)$399.751.57%
  • bitget-tokenBitget Token(BGB)$5.210.06%
  • pepePepe(PEPE)$0.0000146.66%
  • piPi(PI)$0.82-0.54%
  • daiDai(DAI)$1.000.01%
  • ethena-usdeEthena USDe(USDE)$1.00-0.03%
  • bittensorBittensor(TAO)$464.213.76%
  • uniswapUniswap(UNI)$6.363.03%
  • aaveAave(AAVE)$255.242.74%
  • nearNEAR Protocol(NEAR)$3.036.91%
  • aptosAptos(APT)$5.699.28%
  • ondo-financeOndo(ONDO)$1.014.52%
  • okbOKB(OKB)$52.620.98%
  • kaspaKaspa(KAS)$0.1158452.80%
  • internet-computerInternet Computer(ICP)$5.615.70%
  • ethereum-classicEthereum Classic(ETC)$19.594.06%
  • official-trumpOFFICIAL TRUMP(TRUMP)$14.380.61%
  • gatechain-tokenGateToken(GT)$21.690.22%
  • crypto-com-chainCronos(CRO)$0.0999543.10%
  • render-tokenRender(RENDER)$5.118.06%
  • vechainVeChain(VET)$0.0302785.42%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2478683.73%
  • mantleMantle(MNT)$0.762.99%
  • ethenaEthena(ENA)$0.4114983.86%
  • worldcoin-wldWorldcoin(WLD)$1.5027.61%
  • usd1World Liberty Financial USD(USD1)$1.00-0.02%
  • artificial-superintelligence-allianceArtificial Superintelligence Alliance(FET)$0.889.70%
  • arbitrumArbitrum(ARB)$0.4242404.60%
  • bitcoinBitcoin(BTC)$111,086.612.57%
  • ethereumEthereum(ETH)$2,639.435.03%
  • tetherTether USDt(USDT)$1.00-0.08%
  • rippleXRP(XRP)$2.421.40%
  • binancecoinBNB(BNB)$680.471.32%
  • solanaSolana(SOL)$178.104.68%
  • usd-coinUSDC(USDC)$1.000.00%
  • dogecoinDogecoin(DOGE)$0.2390774.02%
  • cardanoCardano(ADA)$0.804.98%
  • tronTRON(TRX)$0.2748233.04%
  • suiSui(SUI)$3.81-1.99%
  • chainlinkChainlink(LINK)$16.594.01%
  • hyperliquidHyperliquid(HYPE)$32.5617.59%
  • avalanche-2Avalanche(AVAX)$24.919.43%
  • stellarStellar(XLM)$0.3009453.55%
  • shiba-inuShiba Inu(SHIB)$0.0000152.84%
  • bitcoin-cashBitcoin Cash(BCH)$435.157.38%
  • hedera-hashgraphHedera(HBAR)$0.2030382.93%
  • unus-sed-leoUNUS SED LEO(LEO)$8.910.98%
  • the-open-networkToncoin(TON)$3.151.76%
  • polkadotPolkadot(DOT)$4.893.24%
  • litecoinLitecoin(LTC)$99.332.84%
  • moneroMonero(XMR)$399.751.57%
  • bitget-tokenBitget Token(BGB)$5.210.06%
  • pepePepe(PEPE)$0.0000146.66%
  • piPi(PI)$0.82-0.54%
  • daiDai(DAI)$1.000.01%
  • ethena-usdeEthena USDe(USDE)$1.00-0.03%
  • bittensorBittensor(TAO)$464.213.76%
  • uniswapUniswap(UNI)$6.363.03%
  • aaveAave(AAVE)$255.242.74%
  • nearNEAR Protocol(NEAR)$3.036.91%
  • aptosAptos(APT)$5.699.28%
  • ondo-financeOndo(ONDO)$1.014.52%
  • okbOKB(OKB)$52.620.98%
  • kaspaKaspa(KAS)$0.1158452.80%
  • internet-computerInternet Computer(ICP)$5.615.70%
  • ethereum-classicEthereum Classic(ETC)$19.594.06%
  • official-trumpOFFICIAL TRUMP(TRUMP)$14.380.61%
  • gatechain-tokenGateToken(GT)$21.690.22%
  • crypto-com-chainCronos(CRO)$0.0999543.10%
  • render-tokenRender(RENDER)$5.118.06%
  • vechainVeChain(VET)$0.0302785.42%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2478683.73%
  • mantleMantle(MNT)$0.762.99%
  • ethenaEthena(ENA)$0.4114983.86%
  • worldcoin-wldWorldcoin(WLD)$1.5027.61%
  • usd1World Liberty Financial USD(USD1)$1.00-0.02%
  • artificial-superintelligence-allianceArtificial Superintelligence Alliance(FET)$0.889.70%
  • arbitrumArbitrum(ARB)$0.4242404.60%