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Currently, Bitcoin miners mine an average of 144 blocks per day, with 6.25 bitcoins per block.
Starting at 144 x 6.25 units, 900 BTC are currently produced daily.
This figure doesn't even satisfy the ETF need.
Not to mention the needs of crypto exchanges
After 2 weeks, miners' earnings will be halved for 4 years. They will be able to produce a maximum of 450 BTC per day.
So how will ETFs that need 1100 BTC or crypto exchanges that need BTC daily share those 450 Bitcoins produced?
There is an imbalance between supply and demand.
In other words, there are many buyers, but there are limited goods.
In this case, what do you think the price of BTC will be?