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**$7.28 Billion in Bitcoin (BTC) in Two Days, Is Market Ready for Biggest Supply Crunch?**
Godfrey Benjamin Martinez, a well-known crypto journalist, has made a shocking claim that could send shockwaves through the cryptocurrency market. According to him, the recent surge in demand for $4.5 billion worth of bonds, which will be used to buy Bitcoin (BTC), signals that the market is poised for its biggest supply crunch yet.
This unprecedented influx of institutional players into the crypto space has sent shivers down the spine of many traders and investors alike. Martinez believes that this sudden surge in demand could lead to a significant reduction in the available supply of BTC, which may have far-reaching implications on the market’s dynamics.
Recent data suggests that institutions are increasing their exposure to Bitcoin due to its perceived long-term growth potential. This increased appetite for crypto assets has led to a massive influx of capital into the space, which has caused the prices to skyrocket.
Source: u.today