Ben SimpsonNavigating the world of crypto with confidence & expertise | Founder & CEO of Collective Shift

ANOTHER Bull Run, and it's not because of the BTC Halving Event

Name: ANOTHER Bull Run, and it's not because of the BTC Halving Event
Uploaded: 2024-04-15T18:38:19+00:00
Duration: 30 s
Channel: Ben Simpson
Description: Ben Simpson argues that the current Bitcoin bull run is driven primarily by supply-side constraints rather than the halving event. He claims ~75% of…

15 Apr 2024 · 1 min

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Ben Simpson argues that the current Bitcoin bull run is driven primarily by supply-side constraints rather than the halving event. He claims ~75% of Bitcoin supply is held by addresses that haven't sold in over six months, notes the 21 million maximum supply cap, and estimates ~14 million Bitcoin are effectively taken off the market by long-term holders, implying upward price pressure as new buyers enter.

Questions this video answers

75%

21 million

About 14 million

Chapters

Crypto is heading into another bull run, but this one is unlike any other that we've ever seen. The biggest reason because of this is that 75% of the entire bitcoin supply is held by people that have not sold in over six months. This is the biggest thing that most people don't understand, that there's only 21 million Bitcoin that will ever be created, and about 14 million Bitcoin is already bought by people that are not looking like they're going to sell. So basic supply and demand mathematics equals that as more people come in and try and buy bitcoin, there is less of it to buy, which equals the price going up.