Winklevoss Sees Demand for BTC Skyrocketing Post 2024 Halving
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- Cameron Winklevoss said that Bitcoin demand will skyrocket after the 2024 halving.
- Winklevoss pointed out that currently, spot BTC ETFs are picking up 10 times more BTC than those minted daily.
- If the demand for the ETFs remains the same, they will be taking 20 times more BTC than those daily minted post halving.
Cameron Winklevoss, an American cryptocurrency investor and founder of crypto exchange Gemini, has stated that the demand for Bitcoin will witness a significant surge after the 2024 Bitcoin halving, which is expected to take place on April 17.
In an X post on February 15, Winklevoss noted that the recently approved spot Bitcoin exchange-traded funds (ETFs) are currently amassing ten times more BTC off the market than are being minted daily. Notably, he adds that if the situation remains the same, the demand for Bitcoin will skyrocket post-halving.
The Bitcoin halving event in 2024 will reduce the supply of the leading digital asset by half, and Winklevoss noted that if the demand for spot BTC ETFs continues to rise, a surge in demand for Bitcoin is inevitable. He believes that in such a scenario, the ETFs will take twenty times more BTC off th…
The post Winklevoss Sees Demand for BTC Skyrocketing Post 2024 Halving appeared first on Coin Edition.
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