Katalin Tischhauser, the research director of digital asset bank group Sygnum, diagnosed that Bitcoin (BTC) has entered a supply shock phase. He predicted that this could lead to a much higher possibility of price surge compared to previous cycles.
In a recent interview with Cointelegraph, Tischhauser explained, "Market demand creates a powerful *multiplier effect*. For example, a $1 demand can raise market capitalization by $20-30. This effect has already been seen with the recent Bitcoin spot ETF launch and the US election."
He particularly noted that the liquidity of Bitcoin supply in the market is very limited compared to the potential demand from institutional investors. This restricted supply is likely to trigger a price surge in the coming months.
He added, "Bitcoin's circulating supply has continuously decreased over the past year and a half. This phenomenon is due to the spread of various Bitcoin acquisition methods like Strategy and Twenty One Capital."
He also cited structural factors behind Bitcoin's strength, including reduced regulatory uncertainty, macroeconomic pressures, and Bitcoin emerging as a *deflationary asset*. In fact, Bitcoin ETF has seen consistent inflows, experiencing outflows for only 4 trading days since April 16th.
Meanwhile, Nick Forster, founder of DeFi analysis firm Derive, diagnosed that Bitcoin has entered a *healthy correction phase*. He stated, "This is a pause stage where the market digests recent price increases and prepares for the next rise. Analysts are projecting prices from $200,000 to $300,000."
In the cryptocurrency market, there's also an assessment that Trump's potential re-election could be a positive factor for Bitcoin. As Tischhauser mentioned, funds flowing into Bitcoin ETF during the election phase have directly applied upward price pressure, and political uncertainty could also enhance safe-asset preference.
Real-time news...Go to Token Post Telegram
<Copyright ⓒ TokenPost, Unauthorized Reproduction and Redistribution Prohibited>
