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Wall Street’s Bitcoin Buying Spree Triggers Severe Supply Crunch
A recent surge in institutional buying has triggered a severe supply crunch in the Bitcoin market, sparking concerns over the potential impact on prices. According to data, institutions have purchased an unprecedented 545,000 Bitcoins this year alone, outpacing miners’ production by a significant margin.
This monumental demand from Wall Street’s biggest players, including BlackRock and MicroStrategy, has left exchanges scrambling for coins to meet the insatiable appetite. In fact, exchange reserves have hit decade lows, as long-term holders and ETFs lock up supply, further exacerbating the situation.
Industry experts predict that this imbalance will continue to drive prices higher in the near term. According to Fundstrat co-founder Tom Lee, Bitcoin could reach unprecedented levels of $250,000 by the end of 2025, shattering previous price records. Lee also suggests that if current trends persist, Bitcoin may potentially touch a staggering $1 million in the long run.
This drastic shift in institutional sentiment has left many questioning whether the market can sustain such frenetic demand. The fact remains that the limited supply and constant buying pressure from corporations, governments, and small investors are driving the price up.
The data shows that this trend is not limited to institutional players alone, as retail traders continue to purchase more Bitcoins than miners can produce. In fact, smaller investors have purchased over 17,000 coins each month, significantly outpacing the 13,850 new coins minted by miners during the same period.
This Bitcoin buying spree has led some experts to speculate on whether we are witnessing a fundamental shift in investor behavior.
Source: coinpedia.org
