This year will produce gains some might call 'shocking,' Diginex CEO says

This year will produce gains some might call 'shocking,' Diginex CEO says


Bitcoin (BTC) just recently broke through $35,000 as part of a tremendous price rally, in part the result of Bitcoin’s limited supply, according to Diginex CEO Richard Byworth. 

“Bitcoin is in the process of starting its post halving bull cycle,” Byworth told Cointelegraph, adding:

“The demand side of this equation has been expedited by enormous bank stimulus and investors seeking safe stores of value against increasing monetary inflation. As a result, a large proportion of financial institutions are now assessing their sizing for Bitcoin positions right now. This is leading to massive exchange withdrawals as these participants move to secure cold storage. We have a supply side crisis in Bitcoin.”

Trending: The Marshall Report Says Trump Is NEVER Going Back To The White House, But Here’s Why….

After the COVID-19 pandemic took over headlines in March 2020, the United States government jumped into action, printing mounds of money and releasing various stimulus packages. In the latter half of the year, large mainstream entities began unveiling their Bitcoin purchases, often allocating tens and hundreds of

Continue reading

You Might Like

Do NOT follow this link or you will be banned from the site!
Thanks for sharing!
Send this to a friend