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Building on CryptoSlate’s recent analysis of the competing Bitcoin inflows and outflows between BlackRock and Grayscale, I extrapolated the data even further to see just how long BlackRock could sustain its current average Bitcoin accumulation. At a high level, BlackRock’s entry through Bitcoin ETFs is a substantial moment for Bitcoin’s reputation in the United States. […]
The post If BlackRock continues 6k BTC daily buys we get a supply crunch within 18 months, here’s why appeared first on CryptoSlate.
Originally appeared here:
If BlackRock continues 6k BTC daily buys we get a supply crunch within 18 months, here’s why