Samson Mow, CEO of Pixelmatic, pointed to the increased demand with ETFs compared to the limited supply of Bitcoin (BTC).
Bitcoin supporter Samson Mow on social media Jan. 29 in the postpointed out the increase in demand that came with spot Bitcoin exchange-traded funds.
He stated that MicroStrategy, as a corporate whale, has been actively purchasing Bitcoin in the past period and that these purchases are very small compared to the purchasing demand of financial giants such as BlackRock.
BlackRock iShares Bitcoin Trust (IBIT) fund’s bulk purchases per day 200 million dollars worth 4,700 BTCMow pointed out that it reached up to $175 million worth 4,200 BTCHe highlighted that he made bulk purchases of .
Just these two spot Bitcoin ETFs More than 9 thousand Bitcoins indicating that he got BlackRock And Fidelity by The demand created is 10 times the daily supply noted. CEO on average in a day 900 BTC He clarified the supply-demand difference by reminding that it is produced.
On the other hand, with the Bitcoin halving expected to take place in May, demand will increase in daily supply. will increase 20 times The remarkable, experienced name signaled a major supply shortage and an accompanying rise in Bitcoin.