Research: Companies are buying Bitcoin at a rate about four times faster than it is being mined
ChainCatcher news, according to CoinDesk, bitcoin financial services company River stated in a research report that companies are absorbing far more bitcoin each day than what miners are creating.
Companies are absorbing about 1,755 bitcoin per day. By 2025, the new issuance of bitcoin is expected to be about 450 bitcoin per day, which means that the amount of bitcoin absorbed by companies is nearly four times the supply from miners. In addition, funds and spot ETFs are adding another 1,430 bitcoin per day, further increasing institutional demand.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
The US Dollar Index fell to 97.552, its lowest point since July 28.
Survey: WLFI small holders set sell target at $0.47, whale holders target $1
Trending news
MoreCrypto prices
More
