Supply Dynamics Show Rising Bitcoin Price

The below is from a recent edition of the Deep Dive, Bitcoin Magazine’s premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now.

We have been covering the bullish bitcoin supply dynamics extremely closely over the last few months, as we believe this to be the fundamental driver of price action in this market. The monetization process of bitcoin unfolds as adopters acquire bitcoin for a price that they believe to be undervalued and HODL until this is no longer believed to be true. This act reduces the free float or supply available on the market, and as additional participants also wish to hold the asset, less satoshis are able to go around. Simple supply and demand tells us that only one thing can occur: the price of bitcoin rises.

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