Bitcoin Supply Dwindling as Investor Demand Rises, Priming Cryptocurrency for Potential Price Surge
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Bitcoin supply dropping to 5-year low of 2.3M tokens on exchanges, making asset primed for "supply shock", per analyst Matt Weller.
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Over 3M bitcoin haven't moved in 10+ years, compared to current 19.5M total supply and 21M max supply.
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Spot bitcoin ETFs could "fundamentally alter supply and demand", making bitcoin available to new investors.
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Bitcoin has regained "uncorrelated asset" status by decoupling from equities and rallying as stocks correct.
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Small allocation from big funds to bitcoin as uncorrelated asset could be very bullish for crypto, Weller says.
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