Bitcoin is viewed as an alternative to gold by those who invest in it. This is due to the limited supply of 21,000,000 tokens and growing demand. This means that currency prices will continue to rise over time. You might have even heard that Bitcoin is being moved from exchanges to cold wallets during this bull run. This means that Bitcoin is not liquid enough to supply everyone. This is the Bitcoin supply shock which could signal the start of the next phase in the bull run.
Bitcoin is being highly manipulated right now. It is impossible to believe that Bitcoin is moving in this way. 10-day green streak? That’s not possible even if there are great news. The bull run is likely to resume if we look at the long-term. BTC’s current ATH does not rank at the top compared to 2017 and 2013. It could soon return to the next phase.
Supply shock will be the most important aspect. The supply is currently low but the demand is high due to market fear. Once that happens, however, we will see a lot more demand and prices will go up. The mining markets are recovering and hash rates are increasing as more miners move to other countries.
What do you think about the Bitcoin supply shock, which could cause the next bull market? Do you believe this bull run ATH has begun, or are we heading higher? Please let us know your thoughts in the comments. If you find our content useful, please share it with friends.