Posted 4/10/2024, 8:50:45 PM
Bitcoin Price Soars to New Highs as Whales and Investors Snap Up Coins Ahead of Major Scarcity Event
- Bitcoin "whales" (investors with 1,000+ BTC) have never had higher demand growth for more Bitcoin
- Permanent Bitcoin holders now outpace new Bitcoin creation for the first time
- Upcoming Bitcoin halving event expected to increase BTC scarcity and price
- Introduction of Bitcoin ETFs this year has driven major new capital inflows
- Bitcoin price up over 50% YTD, recently hit new all-time high close to $74k
