Bloomberg - Bitcoin's price stability is under debate due to concerns of both future supply shortages and potential sell-offs of confiscated coins

in blockchain •  4 months ago 

https://www.bloomberg.com/news/newsletters/2024-07-11/bitcoin-s-latest-existential-question-too-much-supply-or-not-enough
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Bitcoin believers are debating whether there's too little or too much Bitcoin in circulation.

Recent events like government auctions and exchange repayments of confiscated coins have raised concerns of a price drop due to potential mass sell-offs.

However, Bitcoin's holder mentality and the impermanent nature of these sales suggest the impact might be overstated.

Beware of potential bitcoin dumps!!

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