I understand what the OP says but for us this is a great opportunity. There is going to be a reduction in supply and demand is going to go up.
There is not going to be a reduction in supply, there is going to be a reduction in the growth of the supply!
And, why would demand go up, there is no crystal ball that can tell that for sure, maybe demand will go down and we go in bear market again!
I'm a bit worried everyone takes this growth for being like written in stone!
Additionally, we have the BTC halving coming up in April[3]. The supply of new BTC will be halved, meaning there will be less new BTC for investors and Spot ETFs funds to buy.
I firmly believe that with 3 impacts: increased demand, reduced available supply on CEXs and halved new supply, BTC price will soon explode and create a new ATH right in 2024. For me, the short-term BTC price fluctuations are not a concern, I believe we are in the first steps of the 2024 bullrun and BTC could reach at least $150K in 2025.
Want to hear something funny?
We already had a
reverse thirdening! And it got unnoticed!
People say that because there will be less new Bitcoins for sale the price will go up, but look at this:
We're at 40k producing 900 coins a day, so after the halving we will need only 18 millions to cover the newly minted coins instead of 36 millions previously, so if the price was stable with these numbers it means that half of the daily investment sum will go towards buying old coins triggering a growth in overall price!
Pretty solid reasoning.
Now, back in November the coin was at 15k, 900 a day so we needed only 13.5 millions for daily coins coins issuance!
So, in November we had $13.5 millions worth of coins being printed each day, after the halvening we will have $18 million!
If you look from this perspective, the reduction, well, it's not there!