2024

Bitcoin ETF

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<ul>
 <li>Samson Mow notes that daily BTC demand from ETFs, MicroStrategy, and Tether totals 1,895 BTC, far exceeding the 450 BTC mined daily.</li>
 <li>Mow predicts a major Bitcoin conflict due to mainstream adoption and the involvement of players like BlackRock and Fidelity.</li>
 <li>Potential issues for the new conflict include the size of the Bitcoin block and need for regulatory measures.</li>
</ul>
<p>Active Bitcoin supporter and CEO of Jan3, Samson Mow, recently highlighted a surge in BTC demand that far surpasses the current supply. In a tweet, Mow emphasized that American spot Bitcoin ETFs are purchasing approximately 1,626 BTC daily. In addition to these ETFs, Michael Saylor’s MicroStrategy is acquiring 199 BTC per day, and Tether is buying 70 BTC daily.</p>
<p>With only 450 BTC mined daily since the latest halving in April, the aggregate demand for Bitcoin appears to be 5-10 times higher than the available supply. Mow advised the Bitcoin community to “plan accordingly,” underscoring the potential implications of this supply-demand imbalance.</p>
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   <p lang="en" dir="ltr">U.S. ETFs are buying 1,626 BTC per day.<a href="https://twitter.com/MicroStrategy?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@MicroStrategy</a> is buying 199 BTC per day.<a href="https://twitter.com/Tether_to?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@Tether_to</a> is buying 70 BTC per day.<br><br>There are only 450 <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bitcoin</a> mined per day. Total aggregate demand is likely 5-10x supply. <br><br>Plan accordingly. <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/264e.png" alt="♎" class="wp-smiley" style="height: 1em; max-height: 1em;"><a href="https://t.co/fshInf0Jas" rel="noopener noreferrer nofollow">pic.twitter.com/fshInf0Jas</a></p>— Samson Mow (@Excellion) <a href="https://twitter.com/Excellion/status/1788317464574796191?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">May 8, 2024</a>
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<p><strong>Anticipation of a New Bitcoin Conflict</strong></p>
<p>In a recent interview, Samson Mow expressed his expectation of an upcoming conflict within the Bitcoin community. Although the exact timing is uncertain, Mow believes this new conflict will be far more intense than previous disputes. He compared the potential scale of the conflict to “a couple of kids in the schoolyard slapping each other,” indicating that the previous conflicts would seem minor.</p>
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   <p lang="en" dir="ltr">Another great <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bitcoin</a> war may be in sight, and both armies and weaponry continue to evolve. Have you picked sides yet? Be ready, because you might be fighting Blackrock and Fidelity in a few years. <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f440.png" alt="👀" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/Gkp9TOnpVN" rel="noopener noreferrer nofollow">pic.twitter.com/Gkp9TOnpVN</a></p>— JAN3 (@JAN3com) <a href="https://twitter.com/JAN3com/status/1788417260870058092?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">May 9, 2024</a>
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<p>Mow attributes this potential conflict to the mainstream adoption of Bitcoin and the involvement of significantly larger players than in the past. While the community once considered entities like Coinbase and Bitmain major players, giants such as BlackRock and Fidelity are now involved with Bitcoin. This shift has changed the dynamics within the Bitcoin ecosystem.</p>
<p>Samson Mow speculated that the new conflict might revolve around issues such as the Bitcoin block size or the implementation of regulatory measures like a “travel rule” within the Bitcoin network. The previous Bitcoin conflicts, which were primarily technical and ideological, might pale compared to this impending struggle.</p>
<p>The involvement of larger financial institutions and the increased mainstream acceptance of Bitcoin suggest that the stakes are now much higher. Mow’s insights highlight the evolving landscape of Bitcoin and the potential challenges that come with its growing adoption.</p>
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<p>The post <a href="https://cryptonewsland.com/bitcoin-advocate-samson-mow-highlights-surging-demand-and-potential-conflict/" rel="noopener noreferrer nofollow">Bitcoin Advocate Samson Mow Highlights Surging Demand and Potential Conflict</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

Bitcoin Advocate Samson Mow Highlights Surging Demand and Potential Conflict

Crypto News Land

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