Intense Bitcoin Demand from Investors

The increasing demand for bitcoin will exceed the production capacity of miners. If the increasing demand for BTC from individual investors continues like this, miners will have difficulty meeting the demand.

Although the movements of institutional investors seem to have come to the fore recently, the demand for Bitcoin (BTC) from individual investors is increasing day by day. According to the statistical data obtained from the research results, as long as the increasing BTC purchases of individual investors as of 2020 continue in the same way, this demand will not be met in the near future.

The data reveals that the daily BTC demand after two halving periods will exceed the production capacity of miners. According to the report shared by the cryptocurrency derivatives exchange Zubr on June 29, after the Bitcoin block reward halving process is carried out two more times, the BTCs produced will remain below the daily desired demand. The announced report states that individual BTC demand has increased very clearly as of 2020 and that this increase continues. After the fifth halving, which will take place in 2028, miners' production per block will decrease to 1.5625 BTC. This amount does not meet the daily BTC demand of individual investors.

Even If Demand Doesn't Increase, Supply Will Decrease

While miners' daily Bitcoin production is currently approximately 900 BTC, it will decrease to 450 BTC after the fourth halving in 2024. Decrypt site, which shared the issue on its news page on July 2, stated that the number of Bitcoin wallet addresses with 1 to 10 BTC has increased in all but five months from 2011 to the present. This year alone, there was an 11 percent increase in the number of addresses. According to the report, the total value of these addresses reached 5 billion dollars in June. If demand increases as the Zubr report claims, the daily amount of Bitcoin produced by miners in 2028 will not meet this amount.