Bitcoin has stagnated over recent weeks and months after peaking at $12,500 in August. The leading cryptocurrency currently trades at $11,450, stuck in the middle of the range between $10,000 and $12,500. Throughout this, institutions have increased their exposure to Bitcoin en-masse, with tens of thousands of coins being accumulated.
A prominent macro thinker and gold bull thinks that this may mean that there may soon be a Bitcoin “shortage.” This shortage will likely drive prices higher as demand for BTC outweighs the market supply, which is only compounded by the May 2020 halving.
Related Reading: Here’s Why Ethereum’s DeFi Market May Be Near A Bottom Expect a Bitcoin Shortage?
Over recent months, it’s been clear that institutions have increased their exposure to Bitcoin at a rapid clip.
Just recently, Stone Ridge Asset Management announced that it had picked up 10,000 Bitcoin. The $10 billion asset manager explained that it sees the cryptocurrency as a crucial investment in the