Bitcoin Demand Far Outpaces Miner Supply: A Potential Push to $237,000

Demand vs. Supply Imbalance

Bitcoin analyst Willy Woo reports that the Bitcoin network receives an average of $607 million in new investor demand daily.
However, the supply of Bitcoin mined daily is only $46 million, indicating a significant demand-supply gap.
This imbalance is expected to become more pronounced after the upcoming Bitcoin Halving, which will reduce the supply of new BTC.

Institutional investors are accumulating Bitcoin at a rapid pace, driven by the approval of Spot Bitcoin ETFs in January.
Fund issuers like BlackRock have been accumulating a significant portion of the BTC supply daily.
Bitcoin ETFs currently hold 3.3% of Bitcoin’s circulating supply.

Crypto analyst MacronautBTC predicts that Bitcoin’s price could rise to $237,000 based on the current demand-supply dynamics.
Using a multiplier of 3x the Dollar flowing into the Bitcoin ecosystem, Bitcoin could see an added market cap of 4.38 trillion.
Adding this to Bitcoin’s current market cap would result in a potential market cap of 5.38 trillion, translating to a price of $273,000 in a year.
This prediction aligns with estimates from Bitcoin bulls like Tim Draper, who expects BTC to reach $250,000 by 2025.

At the time of writing, Bitcoin is trading at around $50,900, down almost 2% in the last 24 hours.