August 4, 2021

Deficit of supply of bitcoins on the crypto market

Deficit of supply of bitcoins on the crypto market

Rafael Schulze-Kraft, founder of research company Glassnode, shared an important takeaway: the real Bitcoin supply drops sharply.According to him, since 2017, the number of digital assets unavailable for purchase and sale has been growing faster than the volume of available liquid assets of this type, including because until May 2020, miners mined 1800 bitcoins daily, and then only 900 bitcoins per day. ...

Talking about the current situation, the analyst calculated,that there are about 3 million bitcoins, which he attributed to the group of "highly liquid". There is also a contingent reserve of such assets on the market in the amount of another million bitcoins, but 14.5 million bitcoins are assets that are not available for purchase and sale.

Schulze-Kraft writes that “along with the demand,which is presented for bitcoins by such companies as MicroStrategy, Square, Tesla, Grayscale, such a situation with the supply of this digital asset works in favor of its price growth ”. Indeed, investors such as MicroStrategy, Square and Grayscale have not just invested in bitcoins, but are demonstrating a desire to continue investing in digital assets.

In total, for all institutional investors incurrently accounts for $ 67 billion invested in bitcoins. Michael Sailor, head of MicroStrategy, commenting on Bitcoin's return to the $ 50K level seen on February 25, said that the total capitalization of the cryptocurrency market may reach $ 100 trillion in the future against the current $ 1.5 trillion.

Jiles Koglan, Senior Market Analyst at HYCM,believes that there is a good chance that in the course of a possible correction, the price of bitcoin will not go below the level of 40 thousand dollars. At the same time, he believes that some altcoins have a chance to overtake the dynamics of bitcoin in terms of growth, at least for a short distance. Indeed, other digital assets are now also feeling the influx of investor funds, and the level of Bitcoin dominance in the market (61.3%) is now noticeably lower than in December 2017.

Where is it more profitable to buy bitcoin? TOP-5 exchanges

For a safe and convenient purchase of cryptocurrencies with a minimum commission, we have prepared a rating of the most reliable and popular cryptocurrency exchanges that support deposit and withdrawal of funds in rubles, hryvnias, dollars and euros.

Site reliability is primarily determined bytrading volume and number of users. By all key metrics, Binance is the largest cryptocurrency exchange in the world. Binance is also the most popular cryptocurrency exchange in Russia and the CIS, since it has the largest turnover of funds and supports transfers in rubles from bank cards Visa / MasterCard and payment systems QIWI, Advcash, Payeer.

Especially for beginners, we have prepared a detailed guide: How to buy bitcoin on a crypto exchange for rubles?

Rating of cryptocurrency exchanges:

# Exchange: Website: Rating:
1 Binance (Editor's Choice) 9.7
2 Bybit 7.5
3 OKEx 7.1
4 Exmo 6.9
5 Huobi 6.5

The criteria by which the rating is set in our rating of crypto-exchanges:

  • Work reliability - stability of access to all platform functions, including uninterrupted trading, deposit and withdrawal of funds, as well as the period of work on the market and the daily trading volume.
  • Commissions - the size of the commission for trading operations within the site and the withdrawal of assets.
  • Feedback and support - we analyze user reviews and the quality of technical support.
  • Convenience of the interface - we evaluate the functionality and intuitiveness of the interface, possible errors and failures when working with the exchange.
  • Platform features - availability of additional features - futures, options, staking, etc.
  • final grade - the average number of points for all indicators, determines the place in the rating.

Deficit of supply of bitcoins on the crypto market


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