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Bitcoin supply is at an all time low. We have no business being at 60k given current supply. 80k by November and 100k by years end is getting more and more likely.

Bitcoin supply is at an all time low. We have no business being at 60k given current supply. 80k by November and 100k by years end is getting more and more likely.



View Reddit by MartyMcFly702View Source

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16 Comments

  1. There must be a reason why poster cut off the abcissa (x-axis) – probably the current level is on a week’s low.

    Also the ordinate (y-axis) scale is highly manipulative – when plotting from 0 (zero) the low would look negligible.

    Bottom line: Sensational shit post.

  2. And yet the chart shown seems to show an inverse correlation between exchange supply and price.
    Overall I think the delta is useful to track, since major inflows to exchanges can precede a dump. But so long as there are millions of coins on exchanges it isn’t as if there’s a real shortage of BTC that could be sold given a high(er) enough price.

What do you think?

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