Bitcoin may hit $110K as Strategy absorbs nearly 3x new BTC supply
Bitcoin's price could potentially reach $110,000 as the investment strategy known as "Strategy" absorbs nearly three times the new supply of Bitcoin entering the market. This increased demand is attributed to the growing interest from institutional investors and the scarcity of Bitcoin due to its capped supply. Analysts suggest that if this trend continues, it could lead to significant upward pressure on Bitcoin's price. The combination of limited supply and heightened demand is seen as a key factor driving the potential price surge.
Read the full article: Coin Telegraph