Could a historic event happen for bitcoin in April?

in Steem Alliance10 months ago

Hello friends, the exponential increase in institutional interest in bitcoin is causing a shock in demand that in April will become a shock in supply, causing the price of bitcoin to skyrocket and these are not my words but once again the famous investor bitcoin analyst Michael Sailor has warned investors that we are about to witness a historic, once-in-a-lifetime event that could reveal bitcoin's true potential.

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Without a doubt, this will be an event that will have three protagonists to whom we will have to pay a lot of attention during the coming weeks: the halving of bitcoin, institutional demand and the supply of bitcoin on the exchange.

What is supply shock? In case you have never heard of this term before, supply shock is an event that occurs when goods or services undergo an unexpected change in their supply, which causes their supply to considerably increase or decrease, thus directly affecting their supply. price.

To give you an idea, imagine that there is a precious metal in the world that is very scarce and that causes its price to be truly crazy, however one day they discover a new deposit of that material that makes the supply that until then was estimated to multiply by 10 times.

Without a doubt this would be a supply shock since in an asset that we thought was very scarce and limited, its supply multiplies overnight, which directly affects its price, something that has already happened with some in recent years. products such as oil that due to international conflicts such as what happened between Russia and Ukraine caused a shock in supply and due to a considerable reduction led to oil prices rising.

Interview with Michael Saylor

Michael Saylor warns of the supply shock, now moving on to Michael's interview, there are several points that he emphasizes and considers to be key for the event he is talking about. First of all, we find that the demand for bitcoin and, as Michael Sailor indicated, The ETF is a very important achievement that should not be underestimated.

In fact, for him the approval of the ETF is easily the biggest event on Wall Street in the last three decades and the last thing that was as important as this was the creation of the sp500 index and the sp500 etfs that allowed you to invest in the best 500 companies in the United States at the same time and in a single transaction.

According to Saylor, it is evident that interest in bitcoin has grown recently and more and more investors understand the true value of this asset and therefore hold it focused on the long term. However, most of the capital that currently exists in bitcoin belongs to the traditional crypto investors and holders.

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The main institutions and investors have not yet had any way to gain exposure to this asset, which is why for him ETFs are going to be a key element in the demand for bitcoin during the next bullish cycle, a catalyst that will allow There will be a shock to the demand for bitcoin, allowing it to grow and grow as institutional interest does.

In fact, despite the performance of bitcoin in recent days, it is evident to admit that institutional interest in bitcoin is a reality and has allowed the launch of the ETFs to have generated so much volume and transactions, placing itself as one of the most prominent in recent years. .

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 10 months ago 
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