CZ Believes Bitcoin’s Supply Is Running Out Amid Rapidly Growing Institutional D

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CZ Believes Bitcoin’s Supply Is Running Out Amid Rapidly Growing Institutional Demand



Grayscale has been hitting the crypto news headlines of late. Apparently, this firm has been on a buying craze for Bitcoin since the halving, and people are taking note of this.

Not Even Enough For One Buyer

Binance CEO Changpeng Zhao is one of the latest characters to take note of the buying offensive by Grayscale. In a tweet, CZ acknowledged that, indeed, Grayscale has been buying more BTC than is actually being mined. CZ shared a tweet with details of the amount of BTC mined as opposed to that bought.

Turns out, there have only been about 12,337 BTC mined since the halving. But Grayscale is said to have bought around 18,910 BTC within the same period. Technically, Grayscale could have bought all the Bitcoins mined since the halving and still not reach its buying target. Indeed, the investors buying Bitcoin through Grayscale may have actually seen its

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