Cryptocurrency Q&A
What's going on with Bitcoin supply?
What's going on with Bitcoin supply?
Alessandra
Wed Aug 28 2024
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7 answers
1954
Can you please explain the current situation regarding Bitcoin's supply? I've heard there's a limited number of Bitcoins that can ever be mined, but I'm not sure how that affects the market and its future prospects. Are we approaching the point where all Bitcoins will have been mined, and if so, what kind of impact will that have on the cryptocurrency's value and accessibility? I'm interested in understanding the technicalities and the broader economic implications of Bitcoin's fixed supply.
7 answers
Michele
Fri Aug 30 2024
Notably, the rate of increase in the stored supply is currently outpacing the rate of new bitcoin issuance. This trend underscores the growing demand for cryptocurrencies and the shift towards long-term holding strategies.
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Andrea
Fri Aug 30 2024
This stored supply encompasses various categories, including Long-Term Holder Supply, Illiquid Supply, and Vaulted Supply. Each of these components contributes significantly to the overall increase in stored assets.
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BlockchainEmpiress
Fri Aug 30 2024
The Long-Term Holder Supply comprises coins held by investors who intend to hold onto their assets for an extended period, indicating a strong belief in the long-term potential of cryptocurrencies.
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BlockchainBaron
Fri Aug 30 2024
Illiquid Supply, on the other hand, refers to coins that are locked up in various forms, such as staking or cold storage, and are not readily available for trading. This segment of the stored supply is expanding rapidly.
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Stefano
Fri Aug 30 2024
The cryptocurrency market is witnessing a discernible shift in the dynamics of supply and demand. Specifically, there is a steady decline in the 'available supply' of digital assets, while the 'stored supply' is on a marked uptrend.
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