Posted 3/4/2024, 9:00:00 PM
Bitcoin's Scarcity and Growing Institutional Demand Fuel Potential Price Rally, But Markets Are Unpredictable
- Growing institutional demand for Bitcoin as a store of value, fueled by scarcity and new products like ETFs
- Inflows into Bitcoin ETFs are dwarfing those of gold ETFs, signaling a shift
- Banks increasingly accommodating Bitcoin transactions due to client demand
- Power law model forecasts potential 6,300% Bitcoin price rally to $10 million by 2045
- Laws of supply and demand position Bitcoin as a transformative financial force, but markets are unpredictable
