InvestAnswers: Unprecedented Bullish Bitcoin Signal Shocks Market

By Lola Coin Jun 27, 202373Views

A crypto strategist from InvestAnswers claims that a bullish signal for Bitcoin has appeared for the first time in its history. The strategist explains that the available supply of Bitcoin for trade is decreasing, which is a significant development ahead of the next halving event. This event, estimated to occur in April 2020, will reduce the amount of new BTC issued to miners. The declining supply could potentially trigger a major bull run, as the demand for Bitcoin continues to increase while the supply is drying up. The strategist also mentions that institutional adoption, including BlackRock’s application for a spot Bitcoin ETF, will further increase demand and tighten supply. The strategist views this as a beautiful macro and economic experiment and expresses excitement about the data. At the time of writing, Bitcoin is trading at $30,184, down 1% in the last 24 hours.

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