Ark Invest CEO Cathie Wood says Bitcoin’s long-running four-year pattern may be losing its grip as big financial players buy and hold more of the supply, a shift that could tame price swings and change how investors plan ahead.
Institutional Buying Is Changing Markets
According to Wood, large firms and spot ETFs are slowly locking up coins that used to flow in and out of retail hands. The most recent halving, on April 20, 2024, cut the miner reward to 3.125 BTC.
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On a daily basis, that reduction translated to about a 450 Bitcoin drop in supply each day, a figure some analysts call small compared with the trillions attributed to the market’s value and the billions moving into ETFs.
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