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It became known why the growth in demand for HTS can provoke the growth of the market leader by 6300%

3:19 pm, March 5, 2024

Thanks to growing institutional interest and technological advances, the demand for bitcoin is unprecedented. According to analysts, this surge and limited supply could lead to a staggering 6,300% increase in the price of BTC $95,900.68 Bitcoin -0.35% Market capitalization $1.9 trillion VOL. 24 hours $2.36 billion over the next 15 years.

This prediction is based on a simple but profound principle of supply and demand. The architecture of bitcoin guarantees the issuance of a maximum number of 21 million BTS. As of today, approximately 93.5% of them have already been mined. This shortage is a key factor underlying the value of bitcoin.

Сейлор" href="https://noworries.news/biography/majkl-dzh-sejlor/" data-bio-id="3672">Michael Saylor, co-founder and executive chairman of MicroStrategy, emphasized that by 2035, miners will have mined 99% of all bitcoin. This could be the beginning of a new era of growth, fueled by shortages and causing a «bitcoin gold rush.» It will be stimulated by the emergence of spot bitcoin exchange-traded funds (ETFs). This will mark a new stage in the rapid institutional adoption of bitcoin.

«I think we are in the era of the bitcoin gold rush. It started in January 2024 and will last until about November 2034… You will see that resistance is falling. The day will come when bitcoin will outperform gold [Ñ–] will trade for more than the S&P exchange-traded funds ,» said Saylor.

In addition to institutional acceptance and technological facilitation, the theoretical basis for the potential price trajectory of BTC is Giovanni Santostasi’s power law. This model, which encompasses the mathematics of natural phenomena, predicts a bullish growth of bitcoin to $ 10 million by 2045.

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