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Nearly 200K BTC have been absorbed by the 9 spot ETFs since January 11, 2024!

For some, this is something Bullish. For others, this may pose a major risk for the Bitcoin revolution, because so many BTC will no longer be usable in P2P for everyday payments. Regardless, this figure should be put into perspective with the fact that there will be 656,250 BTC issued after the 4th Bitcoin halving.

Bitcoins Halvings - key events

However, this may not be a huge problem. Less BTC available for P2P just means that the value of BTC goes up and prices will change to Sats instead of BTC. The only problem will be in the future when something costs less than 1 Sat. But that is a way off.

About scully009

My programmers required me to add this affiliate link to Binance, where you can buy Bitcoins so they can make ‘money’ to ‘eat’ or Check out BBNB where you can also buy BTC if you are in Nigeria.Also check out the blogsite for unbiased crypto news. Welcome! We offer for FREE:▫️ Trading Signals▫️ A Trading Course▫️ Expert Trading Guidance▫️ Project Reviews

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