• Advertise
  • Submit a Press Release
  • Contact Us
Blockchain & Cryptocurrencies Tabloid
  • Finance & Blockchain News
  • Bitcoin News
    Opendoor Considers Bitcoin for Property Transactions

    Opendoor Considers Bitcoin for Property Transactions

    Crypto Market Hits $4.35 Trillion All-Time High

    Crypto Market Hits $4.35 Trillion All-Time High

    Cryptocurrency Market Cap Hits Historic $4.35 Trillion

    Cryptocurrency Market Cap Hits Historic $4.35 Trillion

    Total Crypto Market Cap Reaches $4.35 Trillion Record

    Total Crypto Market Cap Reaches $4.35 Trillion Record

    Michael Saylor's Alleged Bitcoin Advice to MrBeast Lacks Evidence

    Michael Saylor’s Alleged Bitcoin Advice to MrBeast Lacks Evidence

    Michael Saylor Allegedly Advises MrBeast on Bitcoin Purchase

    Michael Saylor Allegedly Advises MrBeast on Bitcoin Purchase

  • Altcoin News
    • All
    • Bitcoin Cash
    • Cardano
    • EOS
    • Ethereum
    • Litecoin
    • Monero
    • Ripple
    • Stellar
    DeFiLlama Delists Aster DEX for Suspected Wash Trading

    DeFiLlama Delists Aster DEX for Suspected Wash Trading

    Aster Token Falls 10% Amid Trading Integrity Concerns

    Aster Token Falls 10% Amid Trading Integrity Concerns

    Ethereum ETFs Witness $4.5 Billion Inflow Surge

    Ethereum ETFs Witness $4.5 Billion Inflow Surge

    Abracadabra Money Hit Again: Third Major Exploit Since 2024

    Abracadabra Deploys DAO Reserves After $1.8M Exploit

    Solana to BNB Transfer Unconfirmed but AVAX and ETF Movements Noted

    Solana to BNB Fund Reports Lack Confirmation

    Unverified Report Claims $111M SOL Moved to BNB

    Unverified Report Claims $111M SOL Moved to BNB

    Trending Tags

    • Ethereum
    • Bitcoin Cash
    • Litecoin
    • Monero
    • Ripple
  • Crypto 101
    • All
    • Cryptocurrencies
    • Exchanges
    • Services
    • Wallets
    Benefits Of Choosing the Right AI Trading Bot

    4 Benefits Of Choosing the Right AI Trading Bot

    Crypto Trading

    A Beginner’s Guide to Crypto Trading: Unlocking the World of Digital Coins

    BitcoinGames.com

    BitcoinGames.com Introduces the Ultimate Casino Gaming Experience with Bitcoin

    How AI is Helping Athletes and Fans Get the Most out of the Game

    From Training to Judging, AI is Entering the Ring

    Top 5 Websites for Buying Gift Cards with Crypto

    Clutch Savours – Gift Certificates You Can Buy with Crypto

    Layer 2 Blockchains

    Everything You Need To Know About Layer 2 Blockchains

  • Blockchain Events
No Result
View All Result
Blockchain & Cryptocurrencies Tabloid
No Result
View All Result

Bitcoin’s Demand and Supply Dynamics are Constant: Bitwise COO

Tony P. by Tony P.
November 17, 2019
in Bitcoin News, Latest News
Supply and Demand

The demand and supply dynamics of Bitcoin are constant, according to Bitwise Asset Management COO, Teddy Fusaro.

Fusaro, who spoke to Cheddar about Bitcoin’s upcoming halving slated for May 2020, said that he was optimistic that the impact that the halving would have on the price of Bitcoin would likely be the 2020 “topic du jour.” He noted that the conversation would continue to intensify as the year 2020 approaches.

When asked how the change in supply would affect BTC prices, he explained that at the prevailing rates, Bitcoin miners are able to mine between $5 and $6 billion worth of bitcoins per year. This means that it is difficult to state how reducing the BTC inflow would affect its prices going forward.

He was also quick to add that while it may be difficult to predict what would happen in the future, one could always look at the history to gain some insight.

Changes to Expect in the Crypto Community

When you look at the crypto space as a whole, without focusing on Bitcoin, it’s expected that 7 out of the 10 largest crypto assets, based on their market caps, would notice some significant changes in the new year.

Fusaro noted:

“This is more than an event — this is a narrative of what’s happening with this technology.”

The Bitwise COO further observed how halving BTC had affected its prices in the last few years, noting that in 2012, BTC was trading at $16 before its first halving. In 2016, the crypto asset was trading at a high of $650 before halving took place.

In his point of view:

“That’s the historical analog we have to think about what could happen here. It’s going to be interesting to see how this dynamic becomes a part of the dialogue moving into the new year.”

What to Expect in 2020

While halving has often led to a price increase in the past, crypto enthusiasts should not expect the same case to repeat itself. Fusaro noted that many organizations have shifted to the crypto space, and many enthusiasts are hopeful that the prices will rise. However, this is likely to change how BTC prices will react to the change in supply.

The reality is that blockchain technology and Bitcoin have contributed to many changes. But, despite all this, it’s still not possible for them to change the demand and supply dynamics, especially when it comes to price-setting markets.

Featured image: The Crypto Network

Tags: Bitwise COOBTC pricecrypto marketDemand and Supply
Previous Post

Binance, Tron Weibo Accounts Blocked Amidst China Crypto Crackdown Resurgence

Next Post

Economic Crises Will Not Affect Bitcoin: Ledger Founder

Tony P.

Tony P.

Related Posts

Crypto Thefts Reach $2.47 Billion in Early 2025

Crypto Thefts Reach $2.47 Billion in Early 2025

by Solomon M.
October 6, 2025

Crypto theft surged to $2.47 billion in early 2025, driven by the ByBit hack and increased personal wallet attacks.

Verizon Appoints Dan Schulman as CEO, Replaces Vestberg

Verizon Appoints Dan Schulman as CEO, Replaces Vestberg

by Solomon M.
October 6, 2025

Verizon names Dan Schulman its new CEO, effective immediately, replacing Hans Vestberg.

Changpeng Zhao Climbs Forbes Wealth Rankings with $87.3B Net Worth

Changpeng Zhao Climbs Forbes Wealth Rankings with $87.3B Net Worth

by Solomon M.
October 6, 2025

Changpeng Zhao, Binance founder, ranked 21st globally in Forbes with $87.3B net worth.

Grayscale Introduces Pioneering Spot Crypto ETFs with Staking Abilities

Grayscale Launches First US Spot Crypto ETFs with Staking

by Solomon M.
October 6, 2025

Grayscale introduces the first US spot crypto ETFs with staking, enabling Ethereum and Solana investments through regulated brokerage accounts.

Opendoor Considers Bitcoin for Property Transactions

Opendoor Considers Bitcoin for Property Transactions

by Solomon M.
October 6, 2025

Opendoor explores Bitcoin payment for homes; no confirmed timeline or details yet.

Abracadabra Finance's Third DeFi Hack Since 2024

Abracadabra DeFi Loss due to Smart Contract Breach

by Solomon M.
October 6, 2025

Abracadabra Finance faces $1.8 million loss from smart contract hack; MIM affected.

We Recommend

Top Rated Casinos
Bitstarz Casino

BitcoinCasino.io
Top Crypto Betting
1xBit.com
Top Rated Exchanges
Binance Exchange

Bityard.com
Top Advertising Services
Coinzilla Display Network
Top Crypto Wallets
Ledger Nano X

  • Terms and Conditions
  • Privacy Policy
  • Advertise
  • About Us
  • Contact Us

© 2018-2019 theccpress.com by Brantell Media.

No Result
View All Result
  • Finance & Blockchain News
  • Bitcoin News
  • Altcoin News
  • Crypto 101
  • Blockchain Events

© 2018 - 2019 theccpress.com, a Brantell Media project.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.