Matt Hougan, the Chief Investment Officer at Bitwise, he's been crunching the numbers, and let me tell you, it's a real eye-opener. He's talking about this insane demand for Bitcoin ETFs from all sorts of investors.
But here's the kicker: while these ETFs are gobbling up 30,000 Bitcoins just this week, miners are barely churning out 3,000 BTC. That's a hell of a difference, folks.
Hougan's not pulling any punches here. He's saying loud and clear: the demand for Bitcoin is off the charts, and there's just not enough of it to go around. It's basic supply and demand, and right now, demand's winning big time.
Is the "100k" knocking on the door? Guess we'll find out.
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