{"id":124953,"date":"2024-11-12T11:36:06","date_gmt":"2024-11-12T04:36:06","guid":{"rendered":"https:\/\/hotvideos24.online\/?p=124953"},"modified":"2024-11-12T11:36:06","modified_gmt":"2024-11-12T04:36:06","slug":"trump-isnt-the-only-story-driving-bitcoins-price-higher-says-exec","status":"publish","type":"post","link":"https:\/\/hotvideos24.online\/?p=124953","title":{"rendered":"Trump isn\u2019t the only \u2018story\u2019 driving Bitcoin\u2019s price higher, says exec"},"content":{"rendered":"<p> <script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<\/p>\n<div data-v-93e1f8b6=\"\">\n<p>Donald Trump\u2019s election victory in the United States is unlikely \u201cthe main story\u201d behind Bitcoin\u2019s recent pump \u2014 with an analyst pointing instead to a post-halving supply shock.\u00a0<\/p>\n<p>\u201cIf you\u2019re wondering what\u2019s happening with #Bitcoin\u2026 Yes, the incoming Bitcoin-friendly administration has provided a recent catalyst\u2026 But, that\u2019s not the main story here,\u201d <a data-ct-non-breakable=\"null\" href=\"https:\/\/x.com\/Croesus_BTC\/status\/1855992681689657654\" rel=\"null noopener\" target=\"null\" text=\"null\" title=\"null\">said<\/a> Onramp Bitcoin co-founder Jesse Myers in a post on X on Nov. 11.\u00a0<\/p>\n<blockquote><p>\u201cThe main story here is that we are 6+ months post-halving.\u201d<\/p><\/blockquote>\n<p>The Bitcoin (<a data-ct-non-breakable=\"null\" href=\"https:\/\/cointelegraph.com\/bitcoin-price\" rel=\"null noopener\" target=\"null\" text=\"null\" title=\"null\">BTC<\/a>) <a data-ct-non-breakable=\"null\" href=\"https:\/\/cointelegraph.com\/news\/bitcoin-halving\" rel=\"null noopener\" target=\"null\" text=\"null\" title=\"null\">halving in April<\/a> cut block rewards from 6.25 BTC to 3.125 BTC, which means every next block becomes harder to solve for less reward.\u00a0<\/p>\n<p>He added that this means a <a data-ct-non-breakable=\"null\" href=\"https:\/\/cointelegraph.com\/news\/bitcoin-halving-liquidity-mining-btc\" rel=\"null noopener\" target=\"null\" text=\"null\" title=\"null\">supply shock<\/a> has accumulated, \u201cThere\u2019s not enough supply available at current prices to satisfy demand,\u201d and supply-demand price equilibrium must be restored.<\/p>\n<blockquote><p>\u201cThe only way to do that is for the price to go higher, which will flywheel into mania and a bubble, but that\u2019s how this thing works.\u201d<\/p><\/blockquote>\n<p>He added that it sounds crazy to say there will be a reliable and predictable bubble every four years, but there has never been an asset in the world where new supply creation is halved every four years.<\/p>\n<p>\u201cA post-halving bubble is the result,\u201d he added, highlighting that this happened before after <a data-ct-non-breakable=\"null\" href=\"https:\/\/cointelegraph.com\/learn\/bitcoin-halving-how-does-the-halving-cycle-work-and-why-does-it-matter\" rel=\"null noopener\" target=\"null\" text=\"null\" title=\"null\">halvings<\/a> in 2012, 2016, and 2020, and now it is happening again, and prices will go much higher.\u00a0<\/p>\n<figure><img decoding=\"async\" alt=\"Bitcoin Halving\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2024-11\/01931e5d-d1c1-7d47-be6e-f6cf91d8434d\" title=\"\"\/><figcaption style=\"text-align: center;\">\n<p><em>Source: <\/em><a data-ct-non-breakable=\"null\" href=\"https:\/\/x.com\/Croesus_BTC\/status\/1855992681689657654\" rel=\"null noopener\" target=\"null\" text=\"null\" title=\"https:\/\/x.com\/Croesus_BTC\/status\/1855992681689657654\"><em>Jesse Myers<\/em><\/a><\/p>\n<\/figcaption><\/figure>\n<p>Onchain analyst James Check <a data-ct-non-breakable=\"null\" href=\"https:\/\/x.com\/_Checkmatey_\/status\/1856116698023350642\" rel=\"null noopener\" target=\"null\" text=\"null\" title=\"null\">echoed<\/a> the sentiment comparing Bitcoin\u2019s market cap to gold\u2019s, which has added around $6 trillion over the past year but has \u201chundreds of billions of new and recycled supply coming to market.\u201d<\/p>\n<p>Bitcoin is just $1.6 trillion in market cap and is \u201cabsolutely scarce with holders who have been through hell many times,\u201d so it will go higher, he predicted.\u00a0<\/p>\n<p><em><strong>Related: <\/strong><\/em><a data-ct-non-breakable=\"null\" href=\"https:\/\/cointelegraph.com\/news\/bitcoin-hits-85k-high-17-left-btc-100k-record\" rel=\"null noopener\" target=\"null\" text=\"null\" title=\"null\"><em><strong>Bitcoin hits new $85K high, with just 17% left for BTC $100K record<\/strong><\/em><\/a><\/p>\n<p>On Nov. 12, American financier Anthony Scaramucci <a data-ct-non-breakable=\"null\" href=\"https:\/\/x.com\/Scaramucci\/status\/1856132547035705688\" rel=\"null noopener\" target=\"null\" text=\"null\" title=\"null\">hinted<\/a> at the same thing, stating to those not already long on Bitcoin, \u201cIt may feel like you missed it, but you didn\u2019t. It\u2019s early.\u201d<\/p>\n<p>He was confident that the US would establish a strategic Bitcoin reserve and other countries would follow, along with institutional asset allocators and managers.<\/p>\n<p>As of today, 94% of all the Bitcoin in existence are already in circulation or lost, which means there are only around 1.2 million BTC left to be mined, putting further pressure on supply and demand.\u00a0<\/p>\n<p><em><strong>Magazine: <\/strong><\/em><a data-ct-non-breakable=\"null\" href=\"https:\/\/cointelegraph.com\/magazine\/bitcoin-110k-price-prediction-blackrock-etf-inflows-donald-trump-hodlers-digest\/\" rel=\"null noopener\" target=\"null\" text=\"null\" title=\"null\"><em><strong>BTC\u2019s \u2018incoming\u2019 $110K call, BlackRock\u2019s $1.1B inflow day, and more: Hodler\u2019s Digest<\/strong><\/em><\/a><\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\" label=\"Subscription Form: Markets Outlook\"\/><\/div>\n<p><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<br \/><div data-type=\"_mgwidget\" data-widget-id=\"1660802\">\r\n<\/div>\r\n<script>(function(w,q){w[q]=w[q]||[];w[q].push([\"_mgc.load\"])})(window,\"_mgq\");\r\n<\/script>\r\n<br \/>\n<br \/><a href=\"https:\/\/cointelegraph.com\/news\/post-halving-supply-shock-drive-bitcoin-prices-higher\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Donald Trump\u2019s election victory in the United States is unlikely \u201cthe main story\u201d behind Bitcoin\u2019s recent pump \u2014 with an analyst pointing instead to a post-halving supply shock.\u00a0 \u201cIf you\u2019re &hellip; <a href=\"https:\/\/hotvideos24.online\/?p=124953\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-124953","post","type-post","status-publish","format-standard","hentry","category-business","entry"],"_links":{"self":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/124953","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=124953"}],"version-history":[{"count":0,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/124953\/revisions"}],"wp:attachment":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=124953"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=124953"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=124953"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}