CZ Believes Bitcoin’s Supply Is Running Out Amid Rapidly Growing Institutional Demand

CZ Believes Bitcoin’s Supply Is Running Out Amid Rapidly Growing Institutional Demand
ôîòî ïîêàçàíî ñ : zycrypto.com

2020-5-29 16:46

Grayscale has been hitting the crypto news headlines of late. Apparently, this firm has been on a buying craze for Bitcoin since the halving, and people are taking note of this.

Not Even Enough For One Buyer

Binance CEO Changpeng Zhao is one of the latest characters to take note of the buying offensive by Grayscale. In a tweet, CZ acknowledged that, indeed, Grayscale has been buying more BTC than is actually being mined. CZ shared a tweet with details of the amount of BTC mined as opposed to that bought.

Turns out, there have only been about 12,337 BTC mined since the halving. But Grayscale is said to have bought around 18,910 BTC within the same period. Technically, Grayscale could have bought all the Bitcoins mined since the halving and still not reach its buying target. Indeed, the investors buying Bitcoin through Grayscale may have actually seen its prospect.

Rise In Demand

The new development of Grayscale buying BTC in large amounts highlights the growing institutional demand for cryptocurrencies and most especially for Bitcoin. To that effect, the market could very easily turn bullish and favor the hodlers as demand accelerates price upwards. 

However, while institutions are accumulating Bitcoin, they don’t seem to have abandoned other cryptos like Ethereum. Many crypto whales are known to have been accumulating an assortment of target crypto assets. 

Is The Future Bright?

Over the last few years, cryptocurrencies have managed to rise to popularity, with Bitcoin leading the pack.

Various governments are now toying with the idea of embracing cryptos. Some like China and Iran have hinted at plans to launch their own national cryptocurrencies.

In that respect, and with the growing expansion of the crypto and blockchain industry into the mainstream market, Bitcoin stands to gain greatly – it being the most popular and valued digital currency in the market.

origin »

Miner One token (MIO) íà Currencies.ru

$ 0 (+0.00%)
Îáúåì 24H $0
Èçìåíåèÿ 24h: 0.00 %, 7d: 0.00 %
Cåãîäíÿ L: $0 - H: $0
Êàïèòàëèçàöèÿ $0 Rank 99999
Äîñòóïíî / Âñåãî 0 MIO

one note buying bitcoin people even taking

Èñòî÷íèê: zycrypto.com

one note → Ðåçóëüòàòîâ: 126


Ôîòî:

Here’s Why Ethereum Could Realistically Rally to $800 in the Near-Term

Ethereum has been subjected to intense volatility over the past several days, which has primarily been rooted in the close correlation to Bitcoin’s price action that it has formed in recent times. This volatility has primarily favored sellers, but it is important to note that it has not been enough to invalidate the bullish market structure it has formed throughout the course of its parabolic uptrend seen throughout the past several weeks. One top analyst is now laying out the […]

2020-2-20 20:59


Ôîòî:

Analyst: Chainlink shows hints of bullishness as the crypto market faces turbulence

It’s no secret that Chainlink was one of the best performing cryptos throughout 2019, with LINK clocking parabolic gains that are typically only seen during firm bull markets. It is important to note that LINK’s parabolic rally in 2019 was much more than simply a fleeting upwards market cycle, as the crypto’s bullishness has been […] The post Analyst: Chainlink shows hints of bullishness as the crypto market faces turbulence appeared first on CryptoSlate.

2020-2-4 02:30


$340: Ethereum Poised for a 100% Rally as 6 Months of Accumulation Comes to an End

Ethereum (ETH) along with most other major altcoins has been able to post a decent climb today, with the crypto rallying into the $170 region while Bitcoin pushes up towards $9,000. It is important to note that this rally may just be getting started, as one prominent cryptocurrency analyst explained in a recent tweet that... The post appeared first on NewsBTC.

2020-1-28 04:00


Five Years of Bitcoin Trendlines All Lead to This One Point; “Fireworks” Inbound

Since Bitcoin’s genesis block was first mined, the cryptocurrency has been caught within a whirlwind that has allowed BTC to post gains that defy historical precedent. Although the past couple of years have tempered the excitement surrounding the cryptocurrency, it is important to note that multiple bullish factors are fast approaching on the horizon, and... The post appeared first on NewsBTC.

2020-1-24 04:02


Ôîòî:

Moonday Mornings: eBay, Mastercard, Visa, Stripe, and Mercado Pago leave Facebook’s Libra Association

Good morning forkers, it’s that time of the week again. It’s Hard Fork’s wrap-up of the weekend’s cryptocurrency and blockchain headlines you shouldn’t miss. Let’s get to it. 1. Facebook‘s “cryptocurrency” Libra is facing yet more challenges as Mastercard, Visa, eBay, payment system provider Stripe, and South American partner Mercado Pago have pulled out of the troubled project, The Financial Times reports.

2019-10-14 11:40


Ôîòî:

A new study says nearly 96% of deepfake videos are porn

Deepfakes are one of the scariest phenomenons of recent technology trends. From demeaning women to costing monetary loss, these artificial videos are causing a lot of trouble for people. Now a new report from Deeptrace, a Netherland based cybersecurity company, has published a new report stating 96 percent of deepfake videos online are porn, and they received over 134 million views.

2019-10-7 17:00


Understanding PLONK

Special thanks to Justin Drake, Karl Floersch, Hsiao-wei Wang, Barry Whitehat, Dankrad Feist, Kobi Gurkan and Zac Williamson for review Very recently, Ariel Gabizon, Zac Williamson and Oana Ciobotaru announced a new general-purpose zero-knowledge proof scheme called PLONK, standing for the unwieldy quasi-backronym “Permutations over Lagrange-bases for Oecumenical Noninteractive arguments of Knowledge”.

2019-9-24 04:03


Bitcoin SV highest gainer in May; started from the bottom but still got a long way to go

Bitcoin SV [BSV] touted as the “problem child” of the cryptocurrency industry marked a feat many would not have expected a month prior. Beginning May 2019 off on a disastrous note, being delisted from top exchanges like Binance and Kraken, no one would’ve thought that the crypto that dropped by over 20 percent in a […] The post Bitcoin SV highest gainer in May; started from the bottom but still got a long way to go appeared first on AMBCrypto.

2019-6-2 12:30


Wall Street Wonder Warns of Growth-Pocalypse, Looming Recession

By CCN: Stocks in some sectors are teetering on the brink of a bear market, and one Wall Street veteran believes it’s going to get worse. Mark Yusko, who is at the helm of Morgan Creek Capital Management, says that the bears are already out and stocks are going to finish the year lower by a double-digit percentage, according to his interview on CNBC.

2019-5-23 03:30


äàëüøå åùå 77 íîâîñòåé →

Ïàðòíåðû Currencies.ru



Ðåêëàìà íà Currencies.ru

Ñàìîå ñâåæåå íà Currencies.ru

Grayscale Marks Record Year, Bitcoin Sentiment Aloft

Grayscale Investment, the world’s largest crypto asset fund manager, has had a record-breaking 2019, pulling in as much investment as they have from 2013-2018 cumulatively. This data supports the narrative that the correction hasn’t killed optimism in the Bitcoin market.

Second “Drop Gold, Buy Bitcoin” Ad on The Way

Do you remember Grayscale Investment’s “Drop Gold, Buy Bitcoin” ad that went viral on social media? Well, Barry Silbert, founder and CEO of the largest crypto asset manager in the world, announced that a second TV ad is in production right now.