Supply Shock: Lost Or Held Bitcoin Are Now Outpacing New Circulating Coins

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Bitcoin is once again trading above $11,500 after a retest of $10,000 was quickly bought up. A variety of factors are beginning to have an influence over supply and demand, and appear to be tipping the scales in favor of price appreciation. One specific metric could be particularly crucial to the increase in value recently, and it could be causing demand to far outweigh any BTC supply available to buyers. Bitcoin Held Or Lost Coin Metrics Outpace New Circulating Coins Satoshi Nakamoto designed Bitcoin to be the first peer-to-peer electronic form of cash, but in ten years its become so much more. He also sought to give Bitcoin a sort of collectability, and instill within it the attributes of a rare commodity. That design element helps to give Bitcoin a scarcity and rarity that makes it similar to gold, yet due to its all-digital code, more can never be produced…

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