😎 On CNBC, Pantera Capital CEO Dan Morehead said that the limited supply of bitcoin is a key driver of the growth in the value of the cryptocurrency. Currently, such giants as PayPal and Grayscale, for example, buy more BTC than bitcoin miners have time to produce. The businessman again pointed to the growing interest in cryptocurrency from institutional investors. It is these players who are now aggressively buying bitcoins. Moreover, one payment system, using its bitcoin acquisition service, provides more than 100% coverage of demand over supply of these digital assets, and "when we see that there are large institutional investors, each of whom buys more than 100% of the current issue of such assets, the price will tend to go up." According to the assessment contained in the December investment analysis from Pantera Capital, the market is nine weeks away from seeing the price of bitcoin at the level of 115 thousand dollars.
Grayscale continues to surprise: as recent data show, in just 48 hours the organization has bought 21,000 bitcoins from the market, and this despite the fact that only 1.8 thousand of these digital assets were mined by miners during this period of time. There is a huge preponderance of demand over supply of these financial instruments.
Grayscale continues to surprise: as recent data show, in just 48 hours the organization has bought 21,000 bitcoins from the market, and this despite the fact that only 1.8 thousand of these digital assets were mined by miners during this period of time. There is a huge preponderance of demand over supply of these financial instruments.