Bitcoin

Impact

Rare

Spot

Bybit, one of the top cryptocurrency exchanges globally, has released a report revealing that Bitcoin’s supply on exchanges will be extremely limited in the next nine months due to the upcoming halving event, which will cut <a href="https://www.cryptotimes.io/2024/04/15/bitcoin-halving-a-history-of-economics-shift-financial-independence/" target="_blank" rel="noreferrer noopener" data-wpel-link="internal">Bitcoin’s supply by half</a>, making it scarcer than ever. 
After the halving, the supply of Bitcoin is expected to decrease even more rapidly. The report indicates that if $500 million is invested in Bitcoin spot ETFs every day, it would only take nine months to use up the remaining 2 million Bitcoins available on exchanges. 
This scarcity will make Bitcoin even rarer than gold, with its Stock-to-Flow ratio doubling after the halving. “The Stock-to-Flow (S2F) ratio is calculated by dividing the circulating supply of a commodity by its annual production, yielding a gauge of scarcity,” the report says.&nbsp; 
“Bitcoin’s S2F ratio is around 56 before the upcoming halving, while gold is 60. After the halving in April 2024, Bitcoin’s S2F ratio is projected to double to 112.” 
Institutional investors are already preparing for this event, especially since the approval of Bitcoin Spot ETFs in the U.S. They see Bitcoin not just as a currency but as a highly valuable digital asset, with its price being closely tied to the overall cryptocurrency market and exhibiting low risk compared to other cryptocurrencies. 
Ben Zhou, Co-Founder and CEO of Bybit, <a href="https://www.prnewswire.com/in/news-releases/bybit-report-exchanges-have-only-nine-months-supply-at-current-prices-before-bitcoin-halving-302118174.html" target="_blank" rel="noreferrer noopener" data-wpel-link="external">said</a>, “This upcoming halving in 2024 will thrust Bitcoin into an era of unprecedented scarcity, making it twice as rare as gold.” 
Ben emphasized that each <a href="https://www.cryptotimes.io/2024/04/09/bitcoin-halving-2024-is-scheduled-with-market-bullish-on-it/" target="_blank" rel="noreferrer noopener" data-wpel-link="internal">Bitcoin halving</a> reinforces the idea of Bitcoin being a scarce digital asset, similar to digital gold. 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 Also Read: <a href="https://www.cryptotimes.io/2024/04/17/whats-expert-views-on-the-bitcoin-halving-impact/" target="_blank" rel="noreferrer noopener" data-wpel-link="internal">What’s Expert Views on the Bitcoin Halving Impact</a> 
</blockquote>

Bitcoin Halving Could Make Bitcoin ‘as Rare as Gold’ : Bybit

The Crypto Times

Weitere Artikel, die am 17. Apr. 2024 veröffentlicht wurden

Analyst Picks To Buy Before Halving - Massive Altcoin Sale

Venture Capital Giant a16z Raises $7.2 Billion Amid Crypto Sector Revival

This Data on Ethereum Options Turned Negative for the First Time Since January! What Does It Mean...

Crypto market ‘underestimates the long-term impact’ of Bitcoin halving: Bitwise

Kraken fields open-source crypto wallet

Kenya And Nigeria in Talks to Extradite Runaway Binance Executive

Abonniere unseren kostenlosen Newsletter und erhalte tägliche Krypto-Updates!