Tchrizs pfp

Tchrizs

@tchrizs

96 Following
11 Followers
Tchrizs pfp
The recent hike in the price of Bitcoin (BTC) is being driven by a combination of factors, primarily: * Strong Institutional Demand and ETF Inflows: A major catalyst has been the increasing comfort and investment from large financial institutions. Bitcoin spot Exchange-Traded Funds (ETFs) have seen significant inflows, with their Assets Under Management (AUM) soaring. This allows institutional and retail investors to gain exposure to Bitcoin without directly holding it, indicating a growing integration of crypto into traditional finance. * Reduced Selling Pressure and Scarcity: On-chain data suggests a subdued selling pressure from existing holders, including "whales" (large volume holders) who are sending fewer coins to exchanges. This indicates that demand is outpacing supply, leading to a potential "price discovery phase." Bitcoin's inherent scarcity (limited to 21 million coins) also plays a long-term role in its value. *
0 reply
0 recast
0 reaction
Tchrizs pfp
0 reply
1 recast
8 reactions
Tchrizs pfp
0 reply
0 recast
3 reactions
Tchrizs pfp
0 reply
0 recast
0 reaction
Tchrizs pfp
0 reply
1 recast
5 reactions
Tchrizs pfp
0 reply
0 recast
0 reaction
Tchrizs pfp
0 reply
0 recast
0 reaction
Tchrizs pfp
0 reply
0 recast
0 reaction
Tchrizs pfp
0 reply
0 recast
0 reaction
Tchrizs pfp
0 reply
0 recast
0 reaction
Tchrizs pfp
0 reply
0 recast
0 reaction
Tchrizs pfp
0 reply
0 recast
0 reaction
Tchrizs pfp
0 reply
0 recast
0 reaction
Tchrizs pfp
0 reply
0 recast
0 reaction
Tchrizs pfp
0 reply
0 recast
0 reaction
Tchrizs pfp
0 reply
0 recast
0 reaction
Tchrizs pfp
0 reply
0 recast
0 reaction
Tchrizs pfp
0 reply
0 recast
0 reaction
Tchrizs pfp
0 reply
0 recast
0 reaction
Tchrizs pfp
0 reply
0 recast
0 reaction