Half Of The Remaining Non-Minted Bitcoin Supply Is ‘Spoken For…’
Cryptocurrency awareness keeps rising, with hundreds of millions of people now having heard of cryptocurrencies.
99 million people in Western economies alone are estimated to be seeking exposure to cryptocurrencies. If these consumers were to put £100 into bitcoin at current prices, that equates to demand for 1.9 million bitcoins, more than 10% of minted supply.
Major established financial institutions are already providing institutional-grade access to bitcoin products to millions of clients across the world.
In every previous Bitcoin bull cycle, increased access points that were created in the preceding ‘build’ cycle added to the convenience and capacity for new capital to enter the market. I believe we are seeing this cycle repeat, and yet again in larger magnitude.
Trying to beat the timing game is risky business. Waiting for institutional money to lead the charge might leave you behind while the retail train leaves the station.