• Cameron Winklevoss stated that demand for Bitcoin will skyrocket after the halving in 2024.
• Winklevoss identified that spot Bitcoin ETFs are at the moment choosing up 10 occasions extra Bitcoin than each day minted Bitcoin ETFs.
• If the demand for the ETF stays the identical, it would require 20 occasions extra BTC than will probably be created every day after the halving.

Cameron Winklevoss, an American cryptocurrency investor and founding father of cryptocurrency trade Gemini, says that demand for Bitcoin will surge considerably after the 2024 Bitcoin halving, scheduled for April seventeenth. Ta.

In a Feb. 15 X publish, Winklevoss stated: I obtained it. The lately accredited Spot Bitcoin Change Traded Fund (ETF) is at the moment amassing greater than 10 occasions extra Bitcoin from the market than is minted every day. Particularly, if the scenario stays the identical, there will probably be a surge in demand for Bitcoin after the halving, he added.

The Bitcoin halving occasion in 2024 will reduce the availability of the key digital asset in half, however Winklevoss factors out that if demand for spot BTC ETFs continues to extend, a surge in demand for Bitcoin is inevitable. did. He believes that in such a situation, greater than 20 occasions extra BTC can be faraway from the market by ETFs in comparison with the BTC minted each day. he says,

Bitcoin ETFs are taking on 10 occasions extra Bitcoins out of the market than are minted every day. If these inflows proceed till the halving, Bitcoin ETFs will take 20x their each day mints from the market. I like the place that is going.

X Consumer “Muhammad Azhar” pointed “Bitcoin ETF traits actually have the potential to form the long run panorama of the crypto market,” he stated, including:

As inflows from these ETFs proceed to outpace each day minting, we’re seeing an attention-grabbing shift in provide and demand dynamics. If this development continues after the halving, it may have a major influence on the general market.

Digital asset fans requested traders to be affected person and watch for the situation to play out quickly. As beforehand reported, the worth of Bitcoin has surpassed $50,000 after the newly launched Spot BTC ETF continued to build up a staggering quantity of Bitcoin. Based on the information, 9 of the lately launched ETFs amassed 216,309 BTC in simply 20 days. In the meantime, BlackRock's iShares Bitcoin Belief (IBIT) amassed holdings of 105,280 BTC on February 13, turning into the primary spot BTC ETF to succeed in the milestone.